Regulatory Alerts2010-01-01
Financial Services Act No. 26 of 2010
The Parliament of Malawi enacted this Act to establish a comprehensive regulatory framework for the supervision of financial institutions and the prevention of financial crime. The legislation designates the Registrar of Financial Institutions as the primary regulator, granting powers to license entities, enforce corporate governance standards, and impose administrative penalties for non-compliance. It further defines the scope of prudential regulation, outlines procedures for statutory management and winding-up, and creates a Financial Services Appeals Committee to review regulatory decisions.
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