Regulatory Alerts2022-11-25
Added · Updated
Standards Chapters 1-10 Preliminary General under the Financial Institutions and Markets Act, 2021
The Namibia Financial Institutions Supervisory Authority has issued preliminary and general standards under the 2021 Financial Institutions and Markets Act to establish core governance and operational requirements for financial institutions and intermediaries. The regulations define qualification and independence criteria for valuators, mandate conflict-of-interest management policies for directors and auditors, require comprehensive Code of Conduct frameworks, and enforce transparency through written investment policy statements. These standards establish clear fiduciary duties, accountability mechanisms, and enforcement procedures to ensure consistent oversight and client protection across the Namibian financial sector.
Topics
Share