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2021-11-25

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Public Notice on FIM Act Formal Consultation

The Namibia Financial Institutions Supervisory Authority (NAMFISA) has released updated regulations and standards under the Financial Institutions and Markets Act for formal industry consultation. Regulated entities are required to review these subordinate laws and submit their feedback using the designated comments template by 28 February 2022. This process allows stakeholders to directly shape the implementation framework, with all relevant documents and contact details available on the NAMFISA website.

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Namibia Financial Institutions Supervisory Authority

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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:

  1. 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/
  2. The industry may commence with reviewing and providing comments on the subordinate legislation.
  3. 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.
  4. 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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