Based on the Insurance Companies Law issued by Royal Decree No. 12/79,
the Takaful Insurance Law issued by Royal Decree No. 11/2016,
the Executive Regulations of the Insurance Companies Law issued by Ministerial Decision No. 5/80,
the Regulation for Insurance Brokers' Business issued by Decision No. E/19/2017,
the Regulation of Insurance Products Marketing issued by Decision No. E/69/2017,
and the Executive Regulations of the Takaful Insurance Law issued by Decision No. 103/2019,
and with the approval of the Board of Directors of the Capital Market Authority,
and the approval of the Ministry of Finance,
and in pursuance of public interest,
It is hereby decided,