New regulatory measures for brokers

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The Insurance Authority (IA) has modified the regulations of brokerage's activity. Among the main measures, the minimum capital is set at 816 771 USD for local brokers, and USD 2 722 360 for foreign firms. Bank guarantees are also modified to USD 1 361 180 for foreign brokers, and 816 771 USD for local ones. A deadline of one year has been granted to all registred brokers to comply with the new regulations.

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Wed, 18/12/2013 - 14:26
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