Regulatory Alerts2021-11-25
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Public Notice – FIMA Act Formal Consultation
The Namibia Financial Institutions Supervisory Authority (NAMFISA) issued a public notice requiring regulated entities to review and comment on updated FIMA Act subordinate legislation. Industry participants must submit their feedback using the enclosed Comments Template directly to Ms. Anesia Cloete by 28 February 2022. This formal consultation process ensures stakeholder input is incorporated before the final implementation of the Financial Institutions and Markets Act.
23 NOVEMBER 2021 FORMAL CONSULTATIONS ON FINANCIAL INSTITUTIONS AND MARKETS ACT (FIMA) SUBORDINATE LEGISLATION The Namibia Financial Institutions Supervisory Authority (NAMFISA) herewith informs its regulated industry impacted by the implementation of the Financial Institutions and Markets Act, no. 2 of 2021 of the following:
- The updated Regulations and Standards are uploaded on the NAMFISA website. The Regulations and Standards can be accessed by using the link below. Link: https://www.namfisa.com.na/legislative-instruments/
- The industry may commence with reviewing and providing comments on the subordinate legislation.
- Kindly address your responses, in the format of the enclosed “Comments Template” on or before 28 February 2022, directly to Ms. Anesia Cloete at acloete@namfisa.com.na and copying projectnewdawn@namfisa.com.na.
- 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 Elvin Kamana at ekamana@namfisa.com.na or via Tel: 061 290 5220. Kenneth S. Matomola CHIEF EXECUTIVE OFFICER
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