BSA Ahmad Bin Hezeem & Associates

Raghad Hammad

New UAE Funds Regulation and its Effect on Insurers

New UAE Funds Regulation and its Effect on Insurers

In June 2016, the UAE Securities and Commodities Authority (the “Authority”) issued Authority Chairman Resolution No. (9/R.M) of 2016 Concerning the Regulation of Mutual Funds (the “Regulation”), which will become effective upon publication in the Official Gazette […]

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Mena Insurance Awards 2016

The annual MENAIR Insurance Awards recognise and reward those Mena based insurers, reinsurers and brokers that have demonstrated exceptional customer service and innovative product development over the past 12 months.

Senior Associates, Barry Greenberg and Raghad Hammad attended the awards ceremony, that took place on Wednesday, 27 January […]

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Legal update: Insurance Authority Resolution

The UAE Federal Insurance Authority (IA) has recently issued its new Resolution 7 of 2015, amending Resolution 9 of 2011 (issued by the Board of Directors of the Insurance Authority), concerning the instructions to license and regulate the control of the activities of the companies to manage medical […]

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Tightening the screw – Insurance Authority Prudential Regulations

Recent moves in the UAE and Oman mean an increasingly regulated Islamic Insurance sector throughout the GCC region. Barry Greenberg and Raghad Hammad of BSA examine these changes and their impact.

What’s happening and why?
The UAE has recently enacted new prudential Takaful regulations covering the Takaful […]

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Insurance Authority Prudential Regulations

The recently issued Insurance Authority Prudential Regulations, 25 and 26 of 2014 (collectively the”Regulations”), have been a long awaited and much discussed development in the basic methodology underlying the manner in which the financial affairs of insurers in the UAE are regulated. The new requirements represent a […]

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