2017-04-07

Friendly Societies – Act 25 of 1956

The regulatory authority has issued the Friendly Societies Act 25 of 1956 to require formal registration, define governance structures, and establish operational standards for member-based organizations. The legislation outlines compliance procedures, financial reporting obligations, and dispute resolution mechanisms for these societies. The October 2024 revision modernizes regulatory oversight while preserving the act's core provisions for existing and newly formed entities.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date April 7, 2017

Last Updated October 14, 2024

Friendly Societies - Act 25 of 1956

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