Namibia Government Gazette dated 2014-08-05 number 5527

GOVERNMENT GAZETTE
OF THE

REPUBLIC OF NAMIBIA
N$4.00

WINDHOEK - 5 August 2014

No. 5527

CONTENTS

Page

GENERAL NOTICE
No. 270

Namibian Competition Commission: Notice in terms of section 67(3) of the Competition Act, 2003
(Act No. 2 of 2003) . ...............................................................................................................................

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1

General Notice
NAMIBIAN COMPETITION COMMISSION
No. 270

2014
NOTICE IN TERMS OF SECTION 67(3) OF THE COMPETITION ACT, 2003
(ACT NO. 2 OF 2003)

The Namibian Competition Commission, in terms of Section 67(3) of the Competition Act, 2003 (Act
No. 2 of 2003), herewith gives notice that it has entered into an agreement with Namibia Financial
Institutions Supervisory Authority (“NAMFISA”), dated 02nd of July 2014.
NAMFISA was established in terms of section 2 of the Namibia Financial Institutions Supervisory
Authority Act, 2001 (Act No. 3 of 2001) as a juristic person with the functions to exercise supervision
over the business of non-banking financial institutions and financial services in Namibia and to advise
the Minister of Finance on matters related to non-banking financial institutions and financial services.
An incidental mandate, though not stipulated in the NAMFISA Act, is to protect the interests of the
users of financial services and to ensure the financial soundness of the non-banking financial industry.
Section 67 of the Competition Act, 2003 (Act No. 2 of 2003) mandates the Namibian Competition
Commission with the responsibility to negotiate cooperation agreements with any regulatory authority
with which it shares concurrent jurisdiction over competition matters in order to ensure consistent
application of the principles of the Competition Act.