Regulatory Alerts2021-11-11
Added · Updated
MAF.R.7.2 Investment Limits for Medical Aid Funds
The Namibian Minister of Finance issued Regulation MAF.R.7.2 to establish minimum and maximum investment limits for all registered medical aid funds under the Financial Institutions and Markets Act, 2021. The regulation mandates that at least 35 percent of a fund's market value be held in domestic assets while capping aggregate investments in specific asset classes at 85 to 90 percent of total assets. It further requires funds to submit quarterly investment holding statements to NAMFISA within 30 days and grants the regulator authority to approve exemptions or adjust limits based on market conditions.
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