Regulatory Alerts2021-11-10
Added · Updated
FS.R.6.3 Exemption from Investment Limits
The Minister of Finance has authorized NAMFISA to grant exemptions from investment limits under Regulation FS.R.6.2 for friendly societies operating under exceptional circumstances. Upon prior written application, NAMFISA may issue unconditional or conditional exemptions that are either unlimited or limited in duration from the prescribed minimum and maximum investment amounts. These exemptions may be subject to any conditions the authority deems appropriate, thereby providing flexible regulatory relief for qualifying friendly societies.
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