UAE Central Bank removes board of directors of an insurance company – Gulf Today
- Date: 24-May-2023
- Source: Gulftoday.ae site:gulftoday.ae
- Sector:Financial Services
- Country:UAE
UAE Central Bank removes board of directors of an insurance company – Gulf Today
Picture used for illustrative purpose only.
The Central Bank of the UAE (CBUAE) has removed the board of directors of an insurance company operating in the UAE and replaced it with a temporary committee of experts for six months.
This administrative sanction is imposed in accordance with Article 41 of the Federal Law No. 6 of 2007 on the Regulation of Insurance Operations.
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