2021-11-11

GEN.S.10.18 – Fiduciary Responsibilities of Financial Institutions

The financial regulator issued this guidance to clarify the fiduciary responsibilities of financial institutions regarding client asset management and advisory obligations. The document establishes binding compliance requirements, outlines specific duty-of-care benchmarks, and mandates transparent reporting for trustees and asset managers. Effective upon its October 2024 update, the revised framework strengthens client protections and standardizes fiduciary conduct across regulated entities.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date November 11, 2021

Last Updated October 22, 2024

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