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Financial Authority Extends Pension Bylaw Deadline
The General Authority for Financial Supervision has decided to extend the deadline for private pension funds to amend their basic regulations in accordance with the approved model until December 31, 2026. This extension comes after reviewing the relevant laws and decisions, aiming to enable the funds to comply with the new requirements related to the regulation of supervision over markets, non-banking financial instruments, and unified insurance. The decision was announced as part of regulatory measures aimed at enhancing and modernizing the systems of private pension funds in line with the new standards.
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