Organizational Structure & Functions
- Corporate Services Directorate
- Capital Markets Directorate
- Insurance Directorate
- Pensions Directorate
- Lending Activities Directorate
Corporate Services Directorate
The directorate provides strategic leadership in the designing and implementation of ICT, finance, accounting, human resources, capital strategies, policies, and other programs for the authority. The divisions are;
- Human Resources
- Information Technology
Capital Markets Directorate
Capital markets directorate leads in the development and review of the regulatory framework for Capital Markets and ensure that all regulated activities in the sector are conducted in strict compliance with the governing laws.
The Department of Insurance at NBFIRA is charged with the implementation of provisions of the Insurance Industry Act and the International Insurance Act defined as Financial Services Law under NBFIRA Act of 2006.
Its functions include, licensing, off-site monitoring, on-site inspections, enforcements, and consumer complaints handling. Insurance can be described as an agreement between a policyholder and an insurance company (insurer).
The Pension Funds Industry is regulated in terms of the NBFIRA Act (No. 2 of 2006) and the Pension and Provident Funds Act and Regulations (Cap 27:03).
In terms of the above Acts, all Pension and Provident Funds must be licensed by NBFIRA and must comply with the provisions of these Acts.A pension or provident fund is a fund that provides an income for a member on retirement or an income to dependents if the member dies.
Lending Activities Directorate
The Department of Lending Activities at NBFIRA is charged with the implementation of provisions of the lending Regulations and the NBFIRA Act defined as Financial Services Law under NBFIRA. Functions include, licensing, off-site monitoring, on-site inspections, enforcements, and complaints handling.