2022-11-25

Standards FIMA 2021 (Friendly Societies)

The Financial Institutions and Markets Authority (FIMA) issued the 2021 Standards for Friendly Societies to establish binding compliance and governance requirements for registered entities. These standards mandate specific financial reporting, risk management, and member protection protocols to ensure institutional stability and regulatory oversight. The updated framework, last revised in October 2024, clarifies operational obligations and streamlines enforcement mechanisms for ongoing compliance.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date November 25, 2022

Last Updated October 22, 2024

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