News

INVITATION TO NBFIRA AML/CFT DEPARTMENT AWARENESS WORKSHOP-JWANENG AND SURROUNDING AREAS

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...

NBFIRA Publishes the 2018/19 Research Bulletin: The State of Capital Markets

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...

Commencement of the Insurance Industry Act 2015 and Regulations

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...

INFORMATION LETTER-IMPLEMENTATION DATES AND TRANSITIONAL ARRANGEMENTS FOR INSURANCE INDUSTRY ACT, 2015

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...

NBFI RISK ASSESSMENT DIRECTIVE

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...

NBFIRA Engages Industry on Regulations for the Insurance Industry Act 2015

As part of its stakeholder engagement, the Authority conducted a workshop for the insurance industry players on the 8 th of May 2019, to present new changes emanating from the recently signed Insurance Industry Regulations for the Insurance Industry Act of 2015. In her opening remarks, Mrs...

NBFIRA AML/CFT VACANCY ADVERTS

NON-BANK FINANCIAL INSTITUTIONS REGULATORY AUTHORITY The Non-Bank Financial Institutions Regulatory Authority Act 2006 (amended in 2016) established the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), to regulate and enforce compliance within the Non-Bank Financial Institutions...

NBFIRA Underscores the Role of Accountants in Economic Development & Fighting Financial Crime

Addressing guests at the Botswana Institute of Chartered Accountants (BICA) Annual Dinner Dance in Gaborone, Chief Executive Officer of NBFIRA Mr. Oaitse M. Ramasedi lauded the accounting profession for its critical contribution to economic development and governance, as well as in fighting...

NBFIRA issues Prudential Rules for Systemically Important Micro-Lenders

NBFIRA has issued the Prudential Rules for Systemically Important Micro-Lenders (2019) to regulate the establishment, operations and business conduct of such Micro-Lenders. A “Systemically Important Micro Lender” is a Micro-Lender who meets at least two of the following thresholds: a. Annual...

News

INVITATION TO NBFIRA AML/CFT DEPARTMENT AWARENESS WORKSHOP-JWANENG AND SURROUNDING AREAS

NBFIRA Publishes the 2018/19 Research Bulletin: The State of Capital Markets

Press Release - Commencement of Insurance Industry Act 2015: Unpacking Policyholder Protection Rules

Commencement of the Insurance Industry Act 2015 and Regulations

INFORMATION LETTER-IMPLEMENTATION DATES AND TRANSITIONAL ARRANGEMENTS FOR INSURANCE INDUSTRY ACT, 2015

NBFI RISK ASSESSMENT DIRECTIVE

NBFIRA Engages Industry on Regulations for the Insurance Industry Act 2015

NBFIRA AML/CFT VACANCY ADVERTS

NBFIRA Underscores the Role of Accountants in Economic Development & Fighting Financial Crime

NBFIRA issues Prudential Rules for Systemically Important Micro-Lenders

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