Regulatory Alerts2023-01-01
Decision No. 1565 of 2023 on the Reconstitution of the Committee for Preliminary Approval Requests to Convert Takaful Insurance Companies to Commercial Insurance
The Financial Regulatory Authority of Egypt issued Decision No. 1565 of 2023 to reconstitute the committee responsible for evaluating preliminary approval requests to convert Takaful insurance companies into commercial insurance entities. The decision appoints Dr. Aslam Azzam as chair and designates nine additional committee members alongside specific senior advisors, central administration heads, and general managers. It formally repeals the previous Decision No. 1564 of 2023 and takes immediate effect upon issuance, directing all relevant departments to implement the newly structured committee's mandate.
Share