Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

Chairman of the Authority

---

Board of Directors Decision No. (88) of 2019 dated 16/7/2019

Concerning the dissolution of the current board of directors and the appointment of an interim board for the Private Insurance Fund for Employees of Judicial Bodies and Their Auxiliary Agencies, and the appointment of an interim board

Board of Directors of the Financial Regulatory Authority:

Having reviewed the Law on Private Insurance Funds issued by Law No. (54) of 1975 and its Executive Regulations; and Law No. (10) of 2009 regulating supervision over markets and non-banking financial instruments; and Authority Decision No. (371) of 1991 concerning the registration of the Private Insurance Fund for Judicial Bodies and Their Auxiliary Agencies; and nomination letters received from the General Secretariat of the Ministry of Justice and the relevant bodies and agencies; and the memorandum from the Central Administration for Supervision and Oversight of Private Insurance Funds dated 11/7/2019; and the approval of the Authority's Board of Directors in its meeting held on 16/7/2019.

---

Has Decided

(Article One)

Dissolution of the current board of directors of the Private Insurance Fund for Employees of Judicial Bodies and Their Auxiliary Agencies.

(Article Two)

Appointment of an interim board of directors for the Private Insurance Fund for Employees of Judicial Bodies and Their Auxiliary Agencies, comprising the following gentlemen:

No.	Name	Workplace
.1	Samir Mohamed Thabet Mohamed	General Secretariat of the Ministry of Justice
.2	Mohamed Sobhy Abdel Fattah Suleiman	Representative of the Forensic Medicine Authority
.3	Sherif Mohamed El Sharkawy Ali	Representative of the Administrative Prosecution Authority
.4	Mahmoud Abdel Wahab Mahmoud Abdel Wahab	Representative of the State Council
.5	Essam Ali Hafez	Representative of Prosecutions and Courts

For a period of one year from the date of issuance of this decision, or until the election of a new board of directors for the Fund through a general assembly convened by the interim board, whichever comes first.

(Article Three)

This decision shall be published on the Authority's website and in the Egyptian Gazette, and shall take effect from the day following its issuance, with competent authorities tasked with its implementation.

---

Chairman of the Board of Directors of the Authority Dr. Mohamed Omran

---

Smart Village, Building no. B-136, Giza, Egypt Postal Code: 12577 Tel.: +202 35345350 - Fax: +202 35345350 info@fra.gov.eg

Smart Village, Building no. B-136, Giza
Postal Code: 12577
Tel.: +202 35345350 - Fax: +202 35345350
info@fra.gov.eg

Smart Village, Building no. B-136, Giza
Postal Code: 12577
Tel.: (00202) 35345350 - Fax.: (00202) 35370036 www.FRA.gov.eg

---

(Article Two - Continuation)

b. Commitment to collect the Fund's revenues in full and allocate its funds to meet its obligations to its members in accordance with Article (12) of Law No. 54 of 1975.
c. Taking necessary measures regarding the disbursement of insurance benefits due to members.
d. Monitoring the working system within the Fund and the integrity of its operations. e. Preparing the final accounts of the Fund for the year 2018 and submitting them to the Authority. f. Convening the General Assembly to review the agenda stipulated in Article (18) of Law (54) of 1975, and specifically to elect a permanent board of directors for the Fund, while adhering to the correct procedures outlined in Authority Decision No. (101) of 2015 concerning the governance standards for private insurance funds.

---

Chairman of the Board of Directors of the Authority Dr. Mohamed Omran

---

Smart Village, Building no. B-136, Giza, Egypt Postal Code: 12577 Tel.: +202 35345350 - Fax: +202 35345350 info@fra.gov.eg

Smart Village, Building no. B-136, Giza
Postal Code: 12577
Tel.: +202 35345350 - Fax: +202 35345350
info@fra.gov.eg

Smart Village, Building no. B-136, Giza
Postal Code: 12577
Tel.: (00202) 35345350 - Fax.: (00202) 35370036 www.FRA.gov.eg