Regulatory Alerts2021-10-04
Added · Updated
Namibia Financial Institutions Supervisory Authority Act, 2021
The Parliament of Namibia promulgated the Namibia Financial Institutions Supervisory Authority Act, 2021 (Act No. 3 of 2021), which provides for the continued existence of the Namibia Financial Institutions Supervisory Authority (NAMFISA). This Act outlines NAMFISA's functions, powers, and management, establishing an Appeal Board to hear and determine certain matters related to financial services laws. NAMFISA's core objects include fostering the financial soundness and stability of financial institutions and intermediaries, ensuring high standards of conduct, protecting consumers, and reducing financial crime within the sector.
Topics
Share