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BANKING INSTITUTIONS BILL

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BANKING INSTITUTIONS BILL


To consolidate and amend the laws relating to banking institutions, microfinance banking institutions and controlling companies; to provide for the authorisation of a person to conduct business as a banking institution or microfinance banking institution; to provide for the registration of controlling companies in respect of authorised banking institutions or microfinance banking institutions; to authorise foreign banking institutions to open branches in Namibia; to provide for regulation of the ownership and shareholding of banking institutions, microfinance banking institutions and controlling companies; to provide for recovery plans and prudential requirements for banking institutions, microfinance banking institutions and controlling companies; to provide for consolidated supervision of banking institutions, microfinance banking institutions and controlling companies; to protect the interests of persons making deposits with banking institutions and microfinance banking institutions; to provide for the resolution of failing institutions and winding-up, judicial management and cancellation of authorisations; to prohibit and criminalise illegal financial schemes; establish an Appeal Board to hear and determine appeals against certain decisions of the Bank; to repeal the


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National Assembly


1st Reading

2nd Reading

Committe Stage

3rd Reading

National Council


1st Reading

2nd Reading

Committe Stage

3rd Reading

Final Stages

Consideration of amendments


President Assent


President Assent

Referrals to Committees

Standing committees are permanent panels identified in Chamber rules, which also list the jurisdiction of each committee. Because they have legislative jurisdiction, standing committees consider bills and issues and recommend measures for consideration by the House.


House Standing Committee Name Date Assigned Members Reports

Debates on the Bill

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Bill Publications

Full text of the Bill as introduced and further versions of the Bill as it is reprinted to incorporate amendments (proposals for change) made during its passage through Parliament.


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