Regulatory Alerts2020-06-25
Added · Updated
Critical Regulations and Standards for Immediate Implementation After the Act
NAMFISA has issued critical regulations and standards requiring immediate implementation across insurance, financial markets, collective investment schemes, retirement funds, friendly societies, and medical aid funds. The framework mandates strict capital adequacy, comprehensive registration procedures, detailed financial reporting, and robust governance standards for all regulated entities. It further establishes clear investment limits, valuation methodologies, compliance mechanisms, and enforcement powers to ensure market stability and consumer protection.
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