Regulatory Alerts2017-01-01
Decision of the Board of Directors of the Authority No. (56) of 2017
The General Authority for Financial Supervision issued Decision No. 56 of 2017 to appoint an interim board of ten members to manage the Special Insurance Fund for Permanent Employees of the Egyptian Sugar and Integrated Industries Company. The interim board is mandated to elect temporary leadership, collect fund revenues, disburse member benefits, monitor operations, and commission an actuarial study of the fund's financial status as of June 30, 2017. This temporary governance structure is valid for a maximum of one year, during which the board must convene an extraordinary general assembly to elect a permanent board of directors.
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