Regulatory Alerts2026-05-08
Namibia Financial Institutions Supervisory Authority Act 3 of 2021
The Namibian government enacted the Financial Institutions Supervisory Authority Act 3 of 2021 to establish an independent regulatory body overseeing the nation's financial sector. The legislation mandates the Authority to supervise banks, insurance providers, and microfinance entities through licensing, continuous monitoring, and enforcement powers. It defines the Authority's governance structure, funding mechanisms, and dispute resolution procedures to ensure systemic stability and consumer protection.
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