Regulatory Alerts2020-01-01
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Head of the Authority Decision No. 1242 for the Year 2020
The Financial Regulatory Authority issued Decision No. 1242 of 2020 to approve the new Articles of Association for the Egyptian Pool for Civil Liability Insurance against Construction Risks. The decision mandates that all insurance companies offering this specific coverage must join the Pool, which operates on a non-profit basis to manage underwriting, claims, and technical inspections on their behalf. The new regulations define the Pool's governance structure, financial obligations, and operational procedures, requiring publication in the Official Gazette to take effect.
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