Regulatory Alerts2021-11-10
Added · Updated
FS.R.6.2 Investment Limits
The Namibian Minister of Finance issued Regulation FS.R.6.2 under the Financial Institutions and Markets Act, 2021, to establish binding minimum and maximum investment limits for all registered friendly societies. The regulation mandates that at least 35 percent of a society's market value be held in domestic assets while capping aggregate investments in specific asset classes, such as property and shares, at 85 to 90 percent of total assets. Registered societies must submit quarterly statements detailing their investment holdings to the Namibia Financial Institutions Supervisory Authority (NAMFISA) within 90 days and may apply for targeted exemptions.
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