Regulatory Alerts2026-06-22
Draft Proposed Standard GEN.S.10.29 on Change in Control of Financial Institutions
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has published Draft Proposed Standard GEN.S.10.29 to regulate applications for changes in control of financial institutions and intermediaries under the Financial Institutions and Markets Act, 2021. The standard mandates that applicants submit detailed documentation, including proof of funds, fit and proper assessments, and impact analyses on governance and financial soundness, to demonstrate that the transaction will not prejudicially affect the institution. NAMFISA invites written representations from stakeholders within 30 days of publication to consider modifications before finalizing the standard.
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