The Fagadi and SAGI Management Com

The Law regulates the Fagadi and SAGI structure and management commissions as controlling, representing and managing bodies of both guarantee systems, composed by representatives of the AFA (Presidency), the Ministry of Finance, the AREB, the Andorran banking sector and of Andorran financial investment entities.

The expenses must be borne equally by all Fagadi member organizations, while SAGI expenses must be proportionally borne by member entities based on the proportion of the amount of guaranteed investments with respect to each entity on the total aggregate of the guaranteed investments of all member entities of the SAGI.