Unified UAE Legislation Database

Board of Directors’ Decision No. 15 of 2019 On the Instructions Concerning the Rules of Ownership Ratios in the Capital of Insurance Companies

Status

In force

Issuing Authority

Effective date

XX.XX.XXXX

Official Link

https://

The Chairman of the Insurance Authority,

Having pursued,

- Federal Law No. 4 of 2000 Concerning the Emirates Securities and Commodities Authority and Market, and the amendments thereof;

- The Federal Law No. 6 of 2007 Concerning the Establishment of the Insurance Authority and Organization of its Operations, and the amendments thereof;

- Federal Law No. 4 of 2012 on the Regulation of Competition;

- Federal Law No. 2 of 2015 Concerning Commercial Companies and its amending laws;

- Cabinet Decision No. 42 of 2009 Concerning Insurance Company Minimum Capital Regulations and the amendments thereof;

- The Insurance Authority Board of Directors Decision No. 2 of 2009 Concerning the Issuance of the Executive Regulations of the Law No. 6 of 2007 Concerning the Establishment of the Insurance Authority and Organization of its Operations;

- Insurance Authority Board Decision No. 13 of 2015 on the Instructions Concerning Anti-Money Laundry and Combating Terrorism Financing in Insurance Activities;

- And, based on the recommendation of the Director Genera...