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Finance regulator updates insurance brokerage rules
The General Authority for Financial Supervisory approved amendments to the rules and standards for registration and conducting insurance and reinsurance brokerage activities. Specifically, it abolished Clause 7 of Article 5 and Article 21 of the Authority's Board of Directors' Decision No. 69 of 2025. This amendment comes after reviewing the laws regulating non-banking financial markets and instruments, including the Unified Insurance Law. The approval was given during the Board of Directors' meeting held in August 2026. The decision will be published in the Official Gazette and will take effect the day after its publication.
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