Regulatory Alerts2021-11-11
Added · Updated
Form of Certificate of Registration for a Medical Aid Fund
The Namibia Financial Institutions Supervisory Authority issued this standard under the Financial Institutions and Markets Act, 2021 to mandate a uniform certificate of registration for all approved medical aid funds. Upon successful registration, the regulator must issue this document to each fund, specifying its legal name, principal office location, and authorized operational sites across Namibia. The prescribed template standardizes registration records to ensure consistent regulatory oversight and compliance tracking for all operating medical aid funds.
1 GOVERNMENT NOTICE MEDICAL AID FUNDS NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY No. X 2021 STANDARDS MADE UNDER THE FINANCIAL INSTITUTIONS AND MARKETS ACT, 2021 The Namibia Financial Institutions Supervisory Authority has under section 410(8) of the Financial Institutions and Markets Act, 2021 (Act No. 2 of 2021), issued the Standards set out in the Schedule. Gersom Katjimune Chairperson Windhoek, 2021
2 FINANCIAL INSTITUTIONS AND MARKETS ACT, 2021 [Act No. 2 of 2021] DRAFT STANDARD
FORM OF CERTIFICATE OF REGISTRATION FOR A MEDICAL AID FUND
NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY Standard No: MAF.S.7.15
3 FINANCIAL INSTITUTIONS AND MARKETS ACT, 2021 [Act No. 2 of 2021] Form of certificate of registration for a medical aid fund Standard No. MAF.S.7.15 issued by NAMFISA under section 328(3) of the Financial Institutions and Markets Act, 2021 Definitions
- (1) In this Standard, “Act” means the Financial Institutions and Markets Act, 2021 [Act No. • of 2021], and includes the regulations prescribed under the Act and the standards and other subordinate measures issued by NAMFISA under the Act. (2) Words and phrases defined in the Act have the same meaning in this Standard, unless the context indicates otherwise, including without limitation, the term “medical aid fund” as defined in section 321 of the Act. Applicability
- This Standard applies to all medical aid funds registered under the Act. Form of certificate of registration
- Upon registration of an applicant as a medical aid fund, NAMFISA must issue to the Medical aid fund a certificate of registration in the form of Annexure A to this Standard.
4 ANNEXURE A Registration No.…………………… CERTIFICATE OF REGISTRATION Financial Institutions and Markets Act, 2021 (Act No. 2 of 2021) REGISTRATION AS A MEDICAL AID FUND This is to certify that
with principal office:_________________________________________ has been duly registered in terms of section 328(1) of the Financial Institutions and Markets Act, 2021 (Act No. 2 of 2021), and may operate from the following places within Namibia:
Chief Executive Officer Date of registration