Regulatory Alerts2024-04-19
Gov No. 162 – Draft Proposed Standards under the FIMA Act, 2021
The regulatory authority has issued Draft Proposed Standards under the FIMA Act 2021 to establish binding compliance requirements for licensed financial institutions. These standards mandate enhanced governance frameworks, risk management protocols and periodic reporting to align with updated legislative mandates. Implementation is required by the designated effective date to ensure consistent regulatory oversight and financial sector stability.
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