Extended deadline for private insurance funds compliance
The General Authority for Financial Supervision has decided to extend the deadline for private pension funds to adjust their arrangements concerning the minimum investment limits in accordance with the Authority's rules and regulations until December 31, 2026. This extension aims to facilitate compliance with the new investment laws. This decision comes after a review of market regulations and non-banking financial instruments, and the Authority hopes that the extension will provide sufficient time for the funds to complete the necessary procedures.
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