Regulatory Alerts2014-01-01
Decision No. 163 of 2014 of the Authority's Board of Directors
The General Authority for Financial Supervision Board of Directors issued Decision No. 163 of 2014 to amend Decision No. 149 of 2014 concerning the Private Insurance Fund for Members of the Teaching Professions Syndicate. The decision repeals the prior second article and replaces the fourth article to formally appoint a five-member interim board of directors, with the mandate lasting one year or until a new board is elected, whichever occurs first. This regulatory action reconstitutes the fund's governance following the resignation of three previously nominated members and implements the Central Administration for Supervision and Control of Private Insurance Funds' request for immediate restructuring.
Share