Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
The Central Bank of the UAE (CBUAE) has revoked the licence of Smart and Secure Insurance Agent (Smart and Secure), an insurance agent operating in the UAE.
The agent's name has been struck off the register, pursuant to Article 20 of the Resolution No. 08 of 2011 Concerning the Regulation of Insurance Agents Business.
The CBUAE has imposed an administrative sanction on Smart and Secure due to its weak compliance framework and failure to meet regulatory obligations.
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The CBUAE, through its supervisory and regulatory mandates, works to ensure that all insurance companies and insurance related professionals abide by the UAE laws, regulations and standards adopted by the CBUAE. This to safeguard the transparency and integrity of the insurance industry and the UAE’s financial system.
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