Regulatory Alerts2021-10-04
Namibia Financial Institutions Supervisory Authority 2021 (Act No. 3 of 2021)
The Namibia Financial Institutions Supervisory Authority issued Act No. 3 of 2021 to establish a centralized regulatory framework for overseeing financial institutions across the country. The legislation mandates strict compliance, reporting, and governance standards for all licensed entities while granting the Authority explicit supervisory and enforcement powers. Originally enacted on October 4, 2021, and last updated in October 2024, the Act continues to modernize regulatory oversight and ensure financial sector stability.
Share