RegAlertRule · FRA · 6 Sep 2015
Decision of the Board of Directors of the Authority No. (103) of 2015
The General Authority for Financial Supervision issued Decision No. (103) of 2015 to establish a fixed registration fee for management service companies handling private insurance funds. The regulation mandates that the Authority charge a flat rate of 500 Egyptian Pounds for reviewing and processing applications submitted to the official registry of these service providers. This decision, approved on September 6, 2015, takes effect the day after publication in the Egyptian Gazette and on the Authority's official website.
Board of Directors Secretariat
Decision of the Board of Directors of the Authority No. (103) of 2015
Dated 6/9/2015
Regarding the Fee for Registration Services of Management Service Companies for Private Insurance Funds
Board of Directors of the General Authority for Financial Supervision
Having reviewed the Constitution; and the Capital Market Law issued by Law No. (95) of 1997 and its executive regulations; and the Private Insurance Funds Law issued by Law No. (54) of 1975 and its executive regulations; and Law No. (10) of 2009 concerning the regulation of supervision over markets and non-banking financial instruments; and Presidential Decision No. (192) of 2009 issuing the Basic Statute of the General Authority for Financial Supervision; and Decision of the Board of Directors of the Authority No. (102) of 2015 regarding the rules and conditions under which private insurance funds contract management service companies and service performance requirements; and the approval of the Authority's Board of Directors in its meeting held on 6/9/2015;
Decided:
(Article One)
The Authority shall charge 500 Egyptian Pounds for the review services of registration applications in the registry of management service companies for private insurance funds.
(Article Two)
This Decision shall be published in the Egyptian Gazette and on the Authority's website, and shall take effect from the day following its issuance date.
Chairman of the Board of Directors
Sherif Samy
General Authority for Financial Supervision Office of the Chairman 46076
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The links and the sentences they come from (4)
- Issued under
“and Law No. (10) of 2009 concerning the regulation of supervision over markets and non-banking financial instruments;”
- Capital Market Law (Law No. 95 of 1997)1997 · EG-LAW
“and the Capital Market Law issued by Law No. (95) of 1997 and its executive regulations;”
- قانون صناديق التأمين الخاصة رقم 54 لسنة 1975 [Private Insurance Funds Law, Law No. 54 of 1975]1975 · EG-LAW
“and the Private Insurance Funds Law issued by Law No. (54) of 1975 and its executive regulations;”
- Presidential Decision No. (192) of 2009Not in RegAlert
“and Presidential Decision No. (192) of 2009 issuing the Basic Statute of the General Authority for Financial Supervision;”
Mentions (1): 1 document this one mentions without changing it
- Refers to
“and Decision of the Board of Directors of the Authority No. (102) of 2015 regarding the rules and conditions under which private insurance funds contract management service companies and service performance requirements;”
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Source: Financial Regulatory Authority Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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