Regulatory Alerts2021-11-11
Added · Updated
GEN.S.10.11 – Institutional Investment
Issued by NAMFISA under the Financial Institutions and Markets Act, 2021, Standard GEN. 10-11 requires all registered insurers and retirement funds to establish a comprehensive written Investment Policy Statement that governs their investment processes. The standard mandates board-level fiduciary oversight of strategic asset allocation, expert mandates, proxy voting, and annual performance benchmarks while enforcing strict custody segregation and risk controls. Furthermore, investing institutions must ensure authorized personnel execute decisions, periodically review policies against liabilities, and report any deviations to the regulator.
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