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2021-11-25

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Public Notice on FIMA Act Subordinate Legislation Consultation

The Namibia Financial Institutions Supervisory Authority (NAMFISA) has published updated regulations and standards under the Financial Institutions and Markets Act for formal industry review. Regulated entities must submit their feedback using the provided Comments Template directly to NAMFISA by 28 February 2022. This consultation enables stakeholders to directly influence the implementation of the newly enacted subordinate legislation governing financial institutions and markets.

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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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