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Thursday, 15 November 2018

FRA to finalize consumer credit and insurance acts in 2019

LEGISLATION WATCH- FRA to finalize consumer credit and insurance acts in 2019: Also coming from the FRA, the authority plans to finalize next year drafting the Consumer Credit Act and the Insurance Act, FRAboss Mohamed Omran said at a presser, according to Amwal Al Ghad. The Consumer Credit Act bill, which the FRA revealed was in the works back in September, will introduce laws governing retail financing and consumer credit. While the Insurance Act, which was supposed to have been approved and finalized in September, will make the FRA the chief regulator of and govern the entire insurance sector.

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