Regulatory Alerts2025-11-13
Added · Updated
NAMFISA Draft Proposed Standard on Transfer and Merger of Participatory Interests in Collective Investment Schemes
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has published Draft Proposed Standard No. CIS.S.4.2 to regulate the transfer, merger, and reorganization of participatory interests within collective investment schemes. The standard mandates prior written regulatory approval and investor consent representing at least 51 percent of the value, while detailing specific exemptions for board-approved mergers and properly documented transfers. Managers must submit comprehensive transaction particulars and notify investors at least thirty business days before implementation, ensuring preserved investor value, fair treatment, and the seamless vesting of assets and liabilities in the target scheme.
Topics
Share