📋 Tender Overview
The Insurance and Social Reserves Supervision Authority and the Omani Capital Market Authority signed today Wednesday in the Omani capital Muscat a memorandum of understanding in the field of supervision and control of the insurance sector.A statement to the Insurance and Social Reserves Supervision Authority stated that this memorandum which was supervised by the Acting Chairman of the Authority Mr. Othman Khalil Al-Alami and the CEO of the Capital Market Authority in the Sultanate of Oman Sheikh Abdullah bin Salem Al-Salmi aims to enhance joint cooperation between the two authorities in the field of insurance and information exchange. on the basis of the principle of mutual interests.The Capital Market Authority of the Sultanate of Oman which was established on November 9 1998 and began its duties on January 9 1999 enjoys legal personality financial and administrative independence and among its tasks is the development of the capital market sector and the insurance sector through the preparation of studies and the development of appropriate legislation and regulations in accordance with best practices. International.The Insurance and Social Reserve Control Authority which was created in 2016 according to Law 64.12 is the body charged with regulating and supervising the insurance and social reserve sectors in Morocco. Within the framework of the powers conferred upon it it is keen to ensure integrity and the proper functioning and development of the sectors subject to its control in a manner that preserves the rights of the insured those involved and beneficiaries of rights.
