2021-11-11

MAF.R.7.1 – Insurance Policies to be Excluded from MAF Business

The regulator established Rule MAF.R.7.1 to exclude insurance policies from the designated MAF business scope. This requirement mandates that all qualifying insurance contracts be removed from current compliance frameworks, thereby streamlining regulatory oversight and operational reporting. Market participants must update their classification protocols to align with the rule's effective implementation date in November 2024.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date November 11, 2021

Last Updated November 3, 2024

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