Regulatory Alerts2021-11-10
Added · Updated
FM.S.3.3 – Reporting Requirements for Off-Exchange Securities Transactions
The Namibia Financial Institutions Supervisory Authority mandates that all persons report off-exchange securities transactions resulting in a change of beneficial ownership within two days of conclusion. Reports must be submitted electronically via the designated system, with hard copies required if electronic signatures or systems are unavailable. Each filing must detail the parties involved, security types and quantities, consideration paid, prior ownership status, and specific reasons for concluding the transaction outside the registered exchange.
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