Regulatory Alerts2025-01-21
NBFIRA 2022-23 Budget Industry Consultations on Supervisory Levies and Licensing Fees
The Non-Bank Financial Institutions Regulatory Authority proposes a five percent increase in supervisory levies while maintaining current licensing and renewal fees for the financial year ending 31 March 2023. Regulated entities must submit written comments electronically or by post to the Authority by 21 January 2022 in compliance with Section 23 of the NBFIRA Act. This consultation process addresses ongoing pandemic-related economic pressures and ensures continued regulatory compliance across the non-bank financial sector.
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