Regulatory Alerts2021-11-10
Added · Updated
RF.S.5.24 Registration Requirements
The Namibia Financial Institutions Supervisory Authority issued Standard RF.S.5.24 to prescribe the mandatory manner and form for registering retirement funds under the Financial Institutions and Markets Act, 2021. Applicants must submit a duly completed application form signed by the relevant board alongside certified fund rules, a valuator’s financial soundness certificate, proof of establishment authority and fee payment. The Standard further mandates compliance with prescribed fit-and-proper and independence criteria for trustees, principal officers, fund administrators, and auditors while requiring timely notification of material changes to the Authority.
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