Regulatory Alerts2021-11-10
Added · Updated
Matters to be Included in an Investment Policy Statement
The Namibia Financial Institutions Supervisory Authority mandates retirement fund boards to develop and maintain a Statement of Investment Policy that complies with the Financial Institutions and Markets Act, 2021. The standard requires explicit documentation of rate of return objectives, aggregate risk tolerance, asset class targets and limits, currency exposure caps, and specific provisions for member-directed investments in defined contribution funds. It further establishes mandatory processes for risk monitoring, advisor appointments, unlisted equity acquisition limits, and quarterly member reporting to ensure prudent portfolio management.
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