Being independent, ACAPS relies on a governance system that revolves around the Board, the President of ACAPS and advisory bodies.
Bodies of ACAPS
The Board of ACAPS sets the general policy and deliberates on the main strategic, organizational and financial orientations. Among the powers conferred on the Board are the decision-making power regarding the granting of approval to the insurance and reinsurance companies and the approval of the statutes of the Social Welfare organizations.
It also makes decisions on the main sanctions in the event of non-compliance with the laws and regulations applicable to establishments subject to the supervision of ACAPS.
Mrs. Nezha HAYAT
President of the Moroccan Capital Markets Authority (AMMC), member
Mrs. Fouzia ZAABOUL
Director of Treasury and External Finance, member
Mrs. Imane EL MALKI
Adviser to the Court of Cassation, member
Mr. Abdelaziz TALBI
Mr. Ahmed ZINOUN
Mr. Youssef LATIF
Mr. Hicham EL MDAGHRI
The Chairman ensures the proper functioning of ACAPS and the proper implementation of decisions made by the Board. After consulting the advisory bodies, he takes the necessary circulars to carry out the missions of ACAPS and makes all the decisions of sanctioning within the limits of his powers.
The regulatory commission, is in charge of giving the President an advisory opinion on drafts circulars of ACAPS and the legislative or regulatory drafts related to its field of intervention. It also provides opinions on the applications for approval submitted by the insurance and reinsurance companies as well as applications for approval of the statutes submitted by pension funds and mutual insurance companies.
The Disciplinary Commission is in charge of giving the President of the Authority an advisory opinion on certain sanctions and on recovery plans submitted by insurance companies and the recovery or restoration plans submitted by pension funds.