FINANCIAL REGULATORY AUTHORITY

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Head of the Authority

Decision No. 172 of 2023

Date: 11/6/2023

Regarding the Re-establishment of a Committee for Ruling on Technical and Economic Feasibility Studies

for Projects Operating in the Insurance Sector

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Head of the Financial Regulatory Authority

Having reviewed the Law on Supervision and Regulation of Insurance in Egypt, issued under Law No. 10 of 1981 and its Executive Regulations and amendments; Having reviewed the Law on Regulating Supervision over Non-Banking Financial Markets and Instruments, issued under Law No. 10 of 2009; Having reviewed Presidential Decision No. 192 of 2009 issuing the Basic System of the Financial Regulatory Authority; Having reviewed Decision No. 800 of 2018 regarding the re-establishment of a committee for ruling on technical and economic feasibility studies for projects operating in the insurance sector; Having reviewed Decision No. 157 of 2023 regarding the re-establishment of a committee for ruling on technical and economic feasibility studies for projects operating in the insurance sector; Having reviewed Decision No. 158 of 2023 regarding the determination of the competencies of Dr./ the Head and his deputies, Having reviewed the Authority's Staff Regulations;

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DECISION

Article One

A committee is established to review technical and economic feasibility studies submitted alongside preliminary approval applications for the establishment of insurance companies, reinsurance companies, and insurance intermediaries, in accordance with Article 17 of the Executive Regulations of Law No. 10 of 1981, chaired by Prof./ Dr. Islam Azam, and comprising the following members:

• Adv./ Mr. Reda Abdel Moeity
• Dr./ Adel Mohamed Hussein
• Dr./ Sulaiman Abdul Samad
• Prof./ Khaled Tahami
• Dr./ Mohamed Samaha
• Prof./ Hatem Mohamed Nour El-Din
• Prof./ Osama Biyomi

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Article Two

The committee's technical secretariat shall be handled by:

• Prof./ Mostafa Ahmed Khalil – General Manager of the Insurance Companies Examination Department (1)
• Prof./ Farida Ahmed Darwish – Senior Specialist at the Technical Support Department for Insurance Companies

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Article Three

This decision shall be effective from the date of its issuance, and the relevant departments are tasked with implementing it.

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Chairman of the Board of Directors
Financial Regulatory Authority

Dr. Mohamed Fared Saleh

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