2021-11-10

FM.S.3.5 – Demutualization of an SRO

The regulator issued FM.S.3.5 to establish the procedural framework for demutualizing Self-Regulatory Organizations (SROs). The directive mandates that SROs transition from a mutual to a for-profit corporate structure while maintaining their regulatory oversight and compliance obligations. Updated as of October 2024, the guidelines specify operational milestones and reporting standards to ensure a seamless structural transition.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date November 10, 2021

Last Updated October 28, 2024

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