Regulatory Alerts2024-10-11
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Industry Comments on FIMA Chapter 3 for Investment Managers
Namibia’s financial regulator, NAMFISA, issued industry comments on FM Standard 3.6 to establish capital adequacy, liquidity, and conduct requirements for investment managers. The revised standard aligns key definitions of liquid assets and marketable securities with the Financial Institutions and Markets Act, clarifies applicability to financial intermediaries, and sets a N$250,000 capital threshold. It further mandates robust conflict-of-interest mitigation and strict client asset segregation to ensure financial stability and operational clarity across the sector.
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