Namibia Financial Institutions Supervisory …

REPUBLIC OF Namibia THE Namibia Financial Institutions Supervisory authority BILL, 2012 To establish an authority to exercise supervision over the compliance with Financial services laws; to provide for the functions and powers of the authority ; and to provide for incidental matters. 1 PART I PRELIMINARY 1 Definitions 3 PART II ESTABLISHMENT 2 Establishment 5 3 Objects 5 4 Powers 6 5 Functions 7 6 Chief executive 7 7 Funds 9 8 General conduct of business 9 9 Co-operation with other agencies and organisations 9 PART III GOVERNANCE 10 Board 10 11 Disqualification for appointment 10 12 Term of office 11 13 Vacation of office 11 14 Meetings of board 12 15 Rules of board 12 16 Committees of board 12 17 Advisory committee 13 18 Appointment of members of advisory committee 13 19 Meetings of advisory committee 14 20 Functions of advisory committee 14 21 Remuneration of board and committees 15 22 Consultation with Minister 15 23 Duties of board 15 24 Duties of chief executive 17 PART IV Financial PROVISIONS 25 Levies 19 26 Fees 20 27 Financial year 20 28 Accounting and auditing 20 2 PART V

3 THE NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY ACT, 2012 PART I PRELIMINARY 1 Definitions In this Act: “advisory committee” means the advisory committee established by section 17; “affiliate” has the meaning ascribed thereto by section 1 of the Financial Institutions and Markets Act; “Appeal Board” means the …

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  Market, Financial, 2012, Institutions, Namibia, Authority, Supervisory, Namibia financial institutions supervisory, Namibia financial institutions supervisory authority act, Markets act

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