The Appeal Board was established in terms of section 19 of the Namibia Financial Institutions Supervisory Authority Act, Act 3 of 2001 (the NAMFISA Act) and its mandate was expanded with the following Amendment Acts:
- Long-term Insurance Amendment Act, Act 12 of 2016
- Short-term Insurance Amendment Act, Act 13 of 2016
- Unit Trust Control Amendment Act, Act 14 of 2016
The Appeal Regulations were issued in September 2006 by the Minister of Finance to specify the process and procedures to be followed in any appeal.
The Appeal Board consists of three members, appointed by the Minister of Finance (the Minister). The Appeal Board is an independent tribunal comprising members who are appointed on the basis of their knowledge of law and one must be a member of the NAMFISA Board. The chairperson is required to have knowledge of law.
Members are appointed for a three year term and may be re-appointed.
The current members of the Appeal Board are as follows:
Ms Leezhel van Wyk
Mr. Gersom Katjimune
Mr. Ono-Robby Nangolo
The Secretary of the Appeal Board is appointed by the Minister of Finance and is responsible for the administrative and organizational arrangements relating to the appeal process. Mr. Bryan Kandjiriomuini is the current acting secretary of the Appeal Board, pending the appointment of a permanent resource for this role.
“Except where the chairperson otherwise directs, the following procedures must be followed at the hearing of an appeal(a) The appeal must be heard in public 2. This hearing schedule is subject to change without notice.
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