MENA insurance review: quarterly regulatory update

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Analysis

This is the tenth in a series of quarterly legal and regulatory updates focusing on the insurance market in the GCC region published by MENA Insurance Review, and written by Clyde & Co LLP's Insurance & Regulatory team. The review has been updated to 16 December 2013.

United Arab Emirates

Insurance Authority

Ministerial Decision No. 33/2013 regarding the Organizational Structure of the Insurance Authority

Ministerial Decision 33 of 2013 Regarding the Organizational Structure of the Insurance Authority has recently been published (as of 28 November) in the Federal Gazette. Full details, which at the time of writing are not yet available, will follow.

Insurance Authority Board Resolution No. 16/2013

The Insurance Authority has recently been published (as of 28 November in the Federal Gazette Board Resolution (16) of 2013 regarding Anti Money Laundering and the Combating of Terrorist Financing in Insurance Activities. Full details, which at the time of writing are not yet available, will follow.

Insurance Authority Board of Directors Draft Combined Regulations