FRA arbitration committee holds first meeting

REGULATION WATCH- FRA arbitrator holds its first meeting: The board of the Financial Regulatory Authority’s (FRA) newly-established arbitration committee held its first meeting yesterday, the FRA said in a statement yesterday. The panel was set up by a presidential decree earlier this year to resolve disputes between companies, shareholders, investors and their clients in the non-banking financial sector. An unnamed panel member to manage its day-to-day operations was nominated during yesterday’s meeting, where the members also discussed setting up a system to receive arbitration requests electronically.