Regulatory Alerts2021-11-10
Added · Updated
CIS.S.4.4 – Minimum Investment Periods for CIS Bonds
The Namibia Financial Institutions Supervisory Authority issued Standard CIS.S.4.4 to mandate a minimum five-year investment period for Collective Investment Schemes in participation bonds. The regulation requires managers to specify this duration in the scheme's deed and offer documents, while authorized representatives must disclose it during investor solicitation. Upon maturity, investors retain redemption rights unless both parties agree to an extension, and early redemptions are permitted provided they do not prejudice other investors.
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