Regulatory Alerts2026-05-30
Added
Implementation of the Financial Institutions and Markets Act, 2021
Entities operating in Financial Markets and Collective Investment Schemes must register or be deemed registered under the Financial Institutions and Markets Act, 2021, which commenced on 1 May 2026. Persons licensed under repealed legislation are deemed registered but must submit prescribed information or apply for formal registration within 12 months of commencement, failing which their registration is cancelled. A phased re-registration plan mandates specific submission windows for investment managers, management companies, and other regulated entities between June 2026 and April 2027. Non-compliance with registration requirements constitutes an offence liable to a fine not exceeding N$5,000,000 or imprisonment for up to 10 years.
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