Regulatory Alerts2021-10-04
Financial Institutions Markets Act 2021 (Act No. 2 of 2021)
The regulator issued the Financial Institutions Markets Act 2021 (Act No. 2 of 2021) to establish binding regulatory standards for financial institutions and market operations. The Act requires licensed entities to implement enhanced compliance protocols, capital adequacy measures, and transparent governance structures. Originally enacted on October 4, 2021, and last updated in October 2024, the legislation outlines enforcement procedures and transitional rules to ensure sustained market stability.
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