FRA finished Insurance Act draft, to present it for dialogue next week

LEGISLATION WATCH- FRA finishes Insurance Act draft: The Financial Regulatory Authority (FRA) has completed drafting a new Insurance Act and will next put it up for public debate, Al-Ahram reports, citing remarks by FRA boss Mohamed Omran. Insurance companies that caught a glimpse of the draft bill ahead of time had criticized its provisions on minimum capital requirements and reportedly sent comments to the FRA.