Abrogating

Oman Decision No. 2/2011 dated 17/01/2011.

Based on the Insurance Companies Law, promulgated by the Oman Sultani Decree No. 12/1979;

Oman Sultani Decree No. 90/2004 transferring the insurance competencies from the Ministry of Commerce and Industry to the Capital Market Authority;

Implementing Regulation of the Insurance Companies Law, promulgated by the Oman Ministerial Decision No. 5/1980;

Decision of the Regulation of the Requirements of Licensing Insurance Activities No. K/31/2007;

Decision of the Regulation of the Requirements of Licensing Insurance Companies' Agents No. K/2/2011;

Decision of the Board of Directors of the Capital Market Authority, issued in its meeting held on July 9, 2015;

The approval of the Ministry of Finance in its letter No. Finance - T (75754)/M.T.D/11817/4/1 dated 07/10/2015;

And based on the public interest requirements,

The following was decided: