FS.R.6.3 Exemption from Investment Limits

GOVERNMENT NOTICE
MINISTRY OF FINANCE
No. 2021
REGULATION MADE IN TERMS OF THE FINANCIAL INSTITUTIONS AND MARKETS ACT, 2021 The Minister of Finance has, under subsection 465(9) of the Financial Institutions and Markets Act, 2021 (Act No 2 of 2021), made the regulations set out in the Schedule. MINISTER OF FINANCE WINDHOEK 2021
SCHEDULE

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FINANCIAL INSTITUTIONS AND MARKETS ACT, 2021 [Act No. 2 of 2021] DRAFT REGULATION __________________________________ THE AUTHORISATION OF NAMFISA TO GRANT UNCONDITIONAL OR CONDITIONAL EXEMPTIONS, WHETHER UNLIMITED OR LIMITED IN DURATION, FROM PROVISIONS OF REGULATION FS.R.6.2 (INVESTMENT LIMITS) __________________________________ MINISTRY OF FINANCE Regulation No: FS.R.6.3

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FINANCIAL INSTITUTIONS AND MARKETS ACT, 2021 [Act No. 2 of 2021] The authorisation of namfisa to grant unconditional or conditional exemptions, whether unlimited or limited in duration, from provisions of regulation FS.R.6.2 (investment limits) Regulation No. FS.R.6.3 issued by the Minister under section 465(9)(e) of the Financial Institutions and Markets Act, 2021

1. NAMFISA may, under exceptional circumstances and on prior written application by
   a friendly society, exempt such friendly society in writing from any of the provisions of Regulation FS.R.6.2 pertaining to the minimum or maximum or both the minimum and maximum amounts which a friendly society may invest, upon such conditions as it deems fit.