Regulatory Alerts2024-10-11
Added · Updated
Standard 4.6: Actions by NAMFISA Against Managers of Foreign Collective Investment Schemes
NAMFISA may suspend, disqualify, or restrict the administration of foreign collective investment schemes operating in Namibia when enforcement serves the public interest. The regulator must consult the affected manager or representative body and issue a formal notice specifying the grounds, connected jurisdiction, effective date, and a reasonable transition period for existing contracts. These enforcement powers apply to both locally connected and foreign-connected managers seeking market access.
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