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2023-03-06

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Public Notice – Extension on FIMA Act Formal Consultation

The Namibia Financial Institutions Supervisory Authority extends the public comment deadline for subordinate legislation under the Financial Institutions and Markets Act to 31 March 2023. This adjustment responds to public requests regarding the original 8 March deadline and applies exclusively to formal consultation submissions. The authority explicitly states that no additional extensions will be granted if stakeholders fail to submit their comments by the new cutoff date.

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Namibia Financial Institutions Supervisory Authority

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06 MARCH 2023 EXTENTION ON FORMAL CONSULTATION ON SUBORDINATE LEGISLATION OF THE FINANCIAL INSTITUTIONS AND MARKETS ACT (FIMA)

  1. Reference is made to Public Notice dated 07 February 2023.
  2. The Namibia Financial Institutions Supervisory Authority (NAMFISA) herewith informs the public impacted by the implementation of the Financial Institutions and Markets Act, No. 2 of 2021, of the following.
  3. Following requests received from the Public to extend the deadline of 08 March 2023, an extension is hereby granted until 31 March 2023 to the Public, to submit the comments on the formal consultation on the subordinate legislation.
  4. Take further notice that no further extension shall be granted should the due date not be adhered to.
  5. Should you have any queries pertaining to this Public Notice, kindly contact Mr. Calvin Thembikozi at cthembikozi@namfisa.com.na or via Tel: 061-292 5267 or Mr. Elvin Kamana at ekamana@namfisa.com.na or via Tel: 061 290 5220. Yours sincerely, Kenneth S. Matomola CHIEF EXECUTIVE OFFICER p.p.
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