Regulatory Alerts2021-01-01
Board of Directors Decision No. (4) of 2021 Amending Decision No. (101) of 2015 on Governance Rules for Private Insurance Funds
The Financial Regulatory Authority of Egypt issued Decision No. (4) of 2021 to amend the governance framework for private insurance funds by restricting auditor appointments to professionals registered in the Authority’s official register under Decision No. (3) of 2021 and repealing the previous fourth clause on fund auditors. The amended rules require all private insurance funds to regularize their compliance with these new auditor eligibility standards within their respective fiscal years ending on or before December 31, 2021, or June 30, 2022. This decision takes effect the day after its publication in the Egyptian Gazette and on the Authority’s official website.
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