Committee of Insurance, Securities and
Non-Banking Financial Authorities
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CISNA Secretariat
Rule 21 of CISNA Rules
In August 2018, the SADC Council of Ministers approved the establishment of a permanent secretariat for CISNA to be financed by the contributions from Member Authorities.
CISNA Secretariat was established on 27 May 2021, under paragraph 21of the CISNA Rules to ensure that CISNA has ongoing access to capable secretariat services to assist it in making recommendations and decisions and undertaking its functions. The CISNA Secretariat shall be hosted within a Member State by such Member Authority selected by the General Council.
Functions of the CISNA Secretariat
The CISNA Secretariat shall be headed by the Secretary General appointed by the Governance Council and shall act in accordance with the instructions of the Governance Council. The main responsibilities of the CISNA Secretariat, amongst others, shall be the following:
- To formulate CISNA’s strategy;
- To drive harmonisation and provide guidance to the Governance Council
- To achieve objectives as set out in CISNA’s strategic plan;
- To design, implement and support CISNA activities and programmes;
- To drive consumer education including the identification and assessment of consumer awareness campaigns;
- To conduct research and to develop and formulate position papers and policy proposals;
- To ensure CISNA discharges its legal and other obligations;
- To ensure implementation and maintenance of a risk management framework
- To promote efficiency to ensure CISNA operates effectively;
- To perform secretarial services for all CISNA committees and meetings;
- To review appropriateness of the organisational structure of the CISNA Secretariat on an annual basis; and
- To carry out any other function assigned by the General Council and Governance Council.
The CISNA Secretariat has to ensure reporting to the Committee of Ministers of Finance and Investment, SADC Secretariat.
Staff in the CISNA Secretariat
SECRETARY GENERAL
Vacant
MANAGER – MICROFINANCE AND FINANCIAL CO-OPERATIVES
Mr. Simana Chimana
Mr. Chimana is Policy Advisor at the Namibia Financial Institutions Supervisory Authority.
Mr. Simana CHIMANA joined the Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) Secretariat in November 2023, and is on secondment from the Namibia Financial Institutions Supervisory Authority (NAMFISA); an authority in Namibia responsible for the supervision and regulation of all non-bank financial institutions. Prior to the secondment, he served as a member of MIFFCO from October 2014 and as a chairperson from May 2021 to November 2023.
Having served in different capacities, at national, regional and continental levels, Simana has diverse experience in both policy and project formulation and evaluation. Simana joined NAMFISA on 10th September 2014 as a Policy Advisor, and prior to this tenure, he served at the Namibia Statistics Agency, University of Namibia, Southern African Customs Union, Bank of Namibia and the African Development Bank.
He holds an MSc and an LLM Degrees as well as two Fellowships.
Republic of Namibia
Namibia
MANAGER – CAPITAL MARKETS
Vacant
MANAGER – INSURANCE AND RETIREMENT FUNDS, MEDICAL SCHEMES AND INTERMEDIARIES
Vacant
ANALYST
Ms Wardah Maryam Tasnime Beeharry
Ms Beeharry is Analyst at the Financial Services Commission.
Republic of Mauritius
ANALYST
Mr. Bhavishsingh ORGOO
Mr. ORGOO is Analyst at the Financial Services Commission.
Republic of Mauritius
Organisational Structure of the CISNA Secretariat
Vacant
The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) was established in 1998, pursuant to Annexure 10 of the SADC Protocol on Finance and Investment as a committee of authorities responsible for the supervision of insurance, securities, and non-banking financial institutions (NBFI) in SADC Member States. CISNA is part of the Directorate of Finance, Investment and Customs of the SADC Secretariat and reports to the SADC Committee of Ministers of Finance and Investment through the Committee of Senior Treasury Officials.