Legislative Documents

An Act to provide for the regulation of non-bank financial institutions for the purpose of enhancing the safety and soundness of non-bank financial institutions, setting high standards of conduct of business by non-bank financial institutions, improving the fairness, efficiency and orderliness of the non-bank financial sector and the stability of the financial system and reducing and deterring financial crime and for purposes incidental thereto and connected therewith

The Authority hereby submits the draft 2020/21 Annual Estimates and the proposed 2021 Supervisory Levies, in accordance with the Section 23 (3) of the NBFIRA Act. The Authority continues to be funded by Government and the regulated entities through Government subvention and Supervisory levies. For the financial year 2019/20, the funding ratio reflects that Supervisory Levies account for 74% of the Authority’s funding while Government Subvention accounts for 26%.