Regulatory Alerts2025-09-24
NBFIRA (Persons Operating a Securities Infrastructure Business) Rules Final 05.08.24
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has issued final rules establishing comprehensive licensing and compliance requirements for persons operating securities infrastructure businesses in Botswana. These regulations mandate detailed application procedures, including audited financial statements, business plans, governance frameworks, and personal questionnaires for key personnel, controllers, and shareholders. The rules further specify operational standards for exchanges, settlement operators, and central counterparties to ensure market integrity and regulatory oversight under the NBFIRA Act.
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