MUSCAT : “The decision was issued because the company delayed filing its audited financial statements for the financial year ending on December 31, 2023, which is breach of Article 22 of the same regulations, which obliges insurance brokers to file their audited financial statements and all the attached accounts within 90 days from the end of the financial year,” stated the FSA decision.
FSA called on all the companies operating in the sector to comply with the applicable laws and regulations and confirmed it will continue taking appropriate legal measures for any violations threatening the stability of the market to safeguard the rights of consumers.
For all the latest news from Oman and GCC, follow us on Twitter, Instagram and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Read More
- Oman’s Health Ministry announces vaccination requirements for 2027 Hajj pilgrims
- Unregistered contracts put Omani workers’ rights at risk, GFOW investigation finds
- Oman issues regulatory controls and permits for six nature reserves
- Muttrah Souq traders gear up for Oman’s National Day sales
- Oman sets November 30 deadline for 2026 financial claims
