News
As part of its stakeholder engagement efforts, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) held a Master Class for CIMA members on "The Future of Compliance in the Non-Bank Financial Institution's Sector” , focusing on prudential compliance and compliance in Anti-Money...
TENDER NO: NBFIRA 005/2019 Tenders are invited from experienced professional companies registered with the Public Procurement and Asset Disposal Board (PPADB) for provision of consultancy services to conduct a Stakeholder Confidence Survey. (PPADB CODE 317 – Other Consultancy Services; SUB CODE 01...
The Financial Stability Council (FSC) met on August 6, 2019 to deliberate on several market, regulatory and public interest developments and issues relating to the stability, performance and prospects for the financial sector. Overall, the macroeconomic environment and the financial sector are...
To: Anti-Money Laundering Compliance Officers (AMLCOs): Principal Officers: Non-Bank Financial Institutions in Jwaneng and Surrounding Areas (“NBFIs”) We refer to the above captioned subject matter. 2. In recognition of the imperative obligation of its role as a supervisor to raise awareness to...
24 th July, 2019 Press Release NBFIRA Publishes the 2018/19 Research Bulletin: The State of Capital Markets The role of capital markets in economic development Demutualisation of the Botswana Stock Exchange and regulatory implications of it being declared an SRO. Effects of “FinTech” innovation on...
Press Release - Commencement of Insurance Industry Act 2015: Unpacking Policyholder Protection Rules
NBFIRA 1/9/6 – I (13) 9th July, 2019 Press Release Commencement of Insurance Industry Act 2015: Unpacking Policyholder Protection Rules Insurance Industry Act (2015) commenced and Policyholder Protection Rules now effective. Enhanced Transparency and Good Business Conducted by regulated entities...
19 th June, 2019 Press Release Commencement of the Insurance Industry Act 2015 and Regulations Insurance Industry Act (2015) and Regulations now effective. Greater alignment of legal framework with the Authority’s Risk Based Supervisory regime. Enhanced policyholder protection. Increased...
Transitional Arrangements Insurance Industry Act, 2015 This information letter sets out the transitional arrangements for the Insurance Industry Act, 2015 and its Regulations. Summary of Transitional Arrangements The link below entails a table that provides a summary of the transitional...
June 10 th , 2019 NBFIRA 3/3/4-III (37) To: All Anti-Money Laundering /Counter Terrorism Financing Compliance Officers (AMLCOs) - Non-Bank Financial Institutions (“NBFIs”) INSTITUTION SPECIFIC RISK ASSESSMENT DIRECTIVE We refer to the captioned subject matter. Pursuant to section 9 (f) of the...
