Regulatory Alerts2025-01-01
Samoa National Provident Fund (SNPF) Prudential Statements 2025
The Central Bank of Samoa (CBS) issues these January 2025 prudential statements to establish mandatory supervisory standards for the Samoa National Provident Fund (SNPF). The framework mandates strict governance protocols, including fit-and-proper director criteria, board oversight of strategic plans, and independent audit functions. It further requires rigorous controls over asset investment strategies, credit risk classification, large exposure limits, and connected lending to safeguard member benefits and maintain systemic financial stability.
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