LEGISLATION WATCH- Market regulator’s board to review draft Insurance Act after Eid break: The Financial Regulatory Authority’s (FRA) board of directors will review the draft Insurance Act following the Eid El Fitr break, FRA boss Mohamed Omran said yesterday, according to Al Mal. The market regulator had completed drafting the new bill in February. Insurance companies that caught a glimpse of the legislation had previously criticized its provisions on minimum capital requirements and reportedly sent comments to the FRA.

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