Regulatory Alerts2021-11-10
Added · Updated
Form of Certificate of Registration for a Retirement Fund (RF.S.5.25)
The Namibia Financial Institutions Supervisory Authority issued this standard to prescribe the mandatory template for registering funds under the Financial Institutions and Markets Act, 2021. Upon registration, the Authority must issue a Certificate of Registration detailing the fund’s name, principal office, authorized Namibian operating locations, and Chief Executive Officer approval. Applicable to all registered funds, the standard incorporates statutory definitions and standardizes registration documentation to ensure consistent regulatory compliance across retirement fund operations.
1 GOVERNMENT NOTICE RETIREMENT 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(6) 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 RETIREMENT FUND
NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY Standard No: RF.S.5.25
3 FINANCIAL INSTITUTIONS AND MARKETS ACT, 2021 [Act No. 2 of 2021] Form of certificate of registration for a fund Standard No. RF.S.5.25 issued by NAMFISA under sections 254(3) and 410(6)(aa) of the Financial Institutions and Markets Act, 2021 Definitions
- (1) In this Standard, “Act” means the Financial Institutions and Markets Act, 2021 [Act No. 2 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 “fund” as defined in section 249 of the Act. Applicability
- This Standard applies to all funds registered under the Act. Form of certificate of registration
- Upon registration of an applicant as a fund, NAMFISA must issue to the 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 FUND This is to certify that
with principal office:_________________________________________ has been duly registered in terms of section 254(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