Regulatory Alerts2013-10-01
Added · Updated
Progress on NAMFISA Bill and FIM Bill
The Namibia Financial Institutions Supervisory Authority (NAMFISA) provides an update on the legislative progress of the NAMFISA Bill and the FIM Bill, noting that the Cabinet Committee on Legislation approved the drafts with specific amendments. These changes require NAMFISA to report to the Minister instead of Parliament, designate the Appeal Board as having exclusive original jurisdiction for appeals, and allow for electronic conduct of appeals. The document outlines the subsequent steps for legal drafting, parliamentary tabling, and presidential assent, while stating that the timeline for the Bills becoming law remains uncertain. Additionally, NAMFISA indicates that certain Regulations and Standards will be finalized during 2014 under separate consultative processes.
More like this from NAMFISA
NAMFISA published 4 documents in the last 30 days. We email you each new one the day it's published.