Regulatory Alerts2026-08-06
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Feedback on Public Comments on the Formal Consultation Process of the Standards and Regulations of the Financial Institutions and Markets Act, 2021
Consideration of industry and public representations and comments regarding the subordinate legislation of the Financial Institutions and Markets Act, 2021 (Act No. 2 of 2021) has been completed. The feedback addresses specific provisions including Chapter 3 sections FM.S.3.6 and FM.S.3.7, Chapter 4 section CIS.S. 4.6, and Chapter 10 sections GEN.10.10 and GEN.S.10.21. The latest version of the Standards, including responses on how the representations and comments were addressed, is now available and will be circulated to the industry through the email mailing list and published on the NAMFISA website.
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