Non-Bank Financial Institutions
The Non-Bank Financial Institution Supervision Department has a statutory mandate to supervise and regulate the activities of non-bank financial institutions (NBFIs) so as to promote the safe, sound and efficient operations and development of the financial sector.
NBFIs are licensed and regulated in accordance with the provisions of the Banking and Finacail Services Act of 1994 (BFSA) and the Regulations and Prudential Guidelines issued thereunder. As key players in the financial sector, NBFIs are subject to regulatory requirements governing their prudential position, consumer protection and market conduct in order to safeguard the overall soundness and stability of the financial system.
Requirements for Setting up a Non-Bank Financial Institution