Regulatory Alerts2015-01-01
Decision of the Board of Directors of the Authority No. (14) of 2015 (Updated in 2024)
The Financial Regulatory Authority (FRA) Board of Directors issued Decision No. (14) of 2015, as amended in 2024, to establish the official fee structure for reviewing and studying insurance companies' applications to market insurance products through licensed banks, postal authorities, social banks, and telecommunications companies. The decision mandates that applicants must meet specific insurance requirements and pay the designated examination and study fees according to the attached schedule, with payments directed to the Authority's official account. These provisions are enforced under the regulatory framework of Laws No. 10 of 1981, No. 10 of 2009, No. 43 of 2013, and No. 18 of 2014, alongside subsequent amendments through 2024.
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