Regulatory Alerts2025-09-11
Supervisory Instrument No. 111 of 2025 – NBFIRA Supervisory Levies
The Botswana Minister of Finance, acting on the Non-Bank Financial Institutions Regulatory Authority’s recommendation, has enacted regulations establishing mandatory supervisory levies for licensed non-bank financial institutions. These levies are calculated based on fixed annual fees or percentage-based assessments of assets, insurance revenue, and loan books, payable in two equal instalments by 30 April and 31 October each financial year. The regulations further mandate interest on unpaid levies at the prevailing prime rate, impose penalty levies for misstatements causing under-collection, and formally revoke the previous 2023 supervisory levy regulations.
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