Regulatory Alerts2025-06-19
Added · Updated
NAMFISA Draft Proposed Standards Under the Financial Institutions and Markets Act, 2021
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has published draft proposed standards under the Financial Institutions and Markets Act, 2021 to establish comprehensive governance, risk management, and board composition requirements for all regulated financial entities. These standards mandate independent board oversight, clear conflict of interest protocols, robust internal audit functions, and structured risk frameworks to ensure prudent operations and stakeholder protection. NAMFISA invites written representations from financial institutions, intermediaries, and industry bodies within thirty days of publication to inform the final issuance of these regulatory measures.
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