2023-04-05

Chapter 6 – Friendly Societies Standards

The regulator issued Chapter 6 – Friendly Societies Standards to establish comprehensive prudential requirements for registered friendly societies. The document mandates adherence to updated governance frameworks, capital adequacy rules, and operational risk management practices across all member organizations. Effective from April 2023 and last revised in October 2024, the standards ensure consistent financial reporting, compliance monitoring, and regulatory oversight to safeguard member interests.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date April 5, 2023

Last Updated October 22, 2024

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