Regulatory Alerts2021-11-10
Added · Updated
CIS.S.4.12 – Matters to Be Regulated by Deed
The Namibia Financial Institutions Supervisory Authority issued Standard CIS.S.4.12 to mandate specific regulatory requirements for the deeds governing collective investment schemes and their portfolios. The standard obliges managers, trustees, and custodians to ensure these deeds explicitly address scheme constitution, asset holding in trust, risk management measures, and detailed administrative provisions regarding valuation, repurchase, charges, and investor rights. It further distinguishes between general schemes and property-focused schemes by prescribing distinct annexure requirements for investment policies, pricing mechanisms, borrowing limits, and deed amendment procedures.
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