Regulatory Alerts2025-01-01
Financial Services (Transaction Processing Hub) Revocation Directive 2025
Dr. MacDonald Mafuta Mwale, Registrar of Financial Institutions, issued this directive under the Financial Services Act to formally revoke the 2019 Transaction Processing Hub Directive. The revocation removes outdated regulatory provisions, thereby updating the compliance framework for designated transaction processing entities operating within the jurisdiction. Effective immediately upon publication on 8 August 2025, the directive ensures continuous oversight while streamlining administrative requirements for financial service providers.
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