Regulatory Alerts2026-05-08
Financial Institutions and Markets Act 2 of 2021
Regulators issued the Financial Institutions and Markets Act 2 of 2021 to consolidate banking, insurance, and capital market regulations into a single statutory framework. The Act requires licensed entities to maintain higher capital buffers, implement robust risk management systems, and submit standardized digital reports. Commencing in May 2026, the legislation replaces fragmented directives and enforces strict compliance standards across all domestic and international financial operations.
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