Regulatory Alerts2021-02-10
Added · Updated
FIM Circular on the Status of Financial Bills and Standards (January 2021)
Issued by the Namibia Financial Institutions Supervisory Authority (NAMFISA), this circular details the legislative status of the NAMFISA Act, Financial Institutions and Markets (FIM) Bill, and Financial Services Adjudicator (FSA) Bill. The FIM Bill awaits Presidential assent after National Assembly approval, while the FSA Bill incorporates amendments scheduled for February 2021 parliamentary review. NAMFISA will subsequently launch a nine-month formal consultation period with regulated entities to finalize subordinate legislation before implementing the FIM Act.
Share