2022-01-01
The Financial Regulatory Authority issued Decision No. 183 of 2022 to appoint an interim board of eleven members for the Special Insurance Fund for Employees of Judicial Bodies and their Auxiliary Agencies under the Ministry of Justice. The decision establishes a three-month term to facilitate operations or until a permanent board is elected, requiring the General Assembly to convene within two weeks of issuance. It takes effect the day following publication on the Authority's website and in the Egyptian Gazette, with implementation assigned to the relevant authorities.
Financial Regulatory Authority
FINANCIAL REGULATORY AUTHORITY
Chairman of the Authority
Decision No. (183) of 2022 dated 14/12/2022 by the Board of Directors of the Financial Regulatory Authority on appointing an interim board of directors for the Special Insurance Fund for Employees of Judicial Bodies and their Auxiliary Agencies under the Ministry of Justice
The Board of Directors of the Financial Regulatory Authority
Having reviewed: Law No. 54 of 1975 issuing the Special Insurance Funds Law and its executive regulations, and amendments; Law No. 10 of 1981 issuing the Supervision and Control of Insurance in Egypt Law and its executive regulations, and amendments; Law No. 10 of 2009 regulating supervision over non-Egyptian financial markets and instruments; Decision of the President of the Republic No. (192) of 2009 issuing the Basic System of the Financial Regulatory Authority; Authority Decision No. (144) of 1991 regarding the registration of the Special Insurance Fund for Employees of Judicial Bodies and their Auxiliary Agencies under the Ministry of Justice under No. (371); Authority Board Decision No. (173) of 2021 regarding the appointment of an interim board for the Special Insurance Fund for Employees of Judicial Bodies and their Auxiliary Agencies under the Ministry of Justice for one year starting from 17/11/2021; Letter No. (381) dated 30/10/2022 from the Office of the Assistant Minister of Justice for General Affairs stating lack of jurisdiction to nominate board members for the Fund; Incoming letter to the Authority dated 1/12/2022 from the President of the General Union of Employees in Prosecutions and Courts nominating members for the interim board; Memorandum of the Central Administration for Supervision and Control of Special Insurance Funds dated 5/12/2022; Approval of the Authority's Board in its meeting held on 14/12/2022.
Decision
(Article One)
Appointment of an interim board of directors for the Special Insurance Fund for Employees of Judicial Bodies and their Auxiliary Agencies under the Ministry of Justice, for a period of three months from the date of issuance of this decision to facilitate the Fund's operations or until the election of a permanent board
Smart Village, Building 136, Giza, Egypt
Postal Code: 110
Telephone: +202 35345350
Fax: +202 35370036
WWW.FRA.GOV.EG
Financial Regulatory Authority
FINANCIAL REGULATORY AUTHORITY
Chairman of the Authority
The Fund may convene its General Assembly at the earliest, with a call for a General Assembly meeting to elect a permanent board within two weeks from the date of issuance of this decision, comprising the following members:
| No. | Name | Workplace |
|---|---|---|
| 1 | Magad Rashad Abdel Aziz Mohamed El-Sharaby | South Giza Court |
| 2 | Ali Abdel Nasser Hassan Hosny | Administrative Prosecution |
| 3 | Nagwa Ramadan Gab Allah Marsy | South Cairo Court |
| 4 | Abdel Salam Mohamed Eid | Fayoum Prosecution |
| 5 | Tarek Abdullah Abdel Maqsoud Ismail | State Council |
| 6 | Walid Mahmoud Musa Salama | Office of the Minister of Justice |
| 7 | Ashraf Mohamed Reda Mohamed Farid | Experts Authority |
| 8 | Joseph Mikhail Abdel Nour Geris | Economic Court |
| 9 | Khaled Mohamed Mehdy Faragly | Dar Al-Ifta Al-Mis'iyah |
| 10 | Raed Saied Tawfiq Ali Mohamed | Forensic Medicine Authority |
| 11 | Amr Abdel Hakim Mahmoud Ismail | State Council Affairs Authority |
(Article Two)
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; and relevant authorities are responsible for implementing it according to their respective jurisdictions.
Chairman of the Board of Directors
Financial Regulatory Authority
Dr. Mohamed Farid Saleh
Smart Village, Building 136, Giza, Egypt
Postal Code: 110
Telephone: +202 35345350
Fax: +202 35370036
WWW.FRA.GOV.EG
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