The Chairperson and Vice Chairperson of CISNA chair both the General Council and the Governance Council.
A representative of the SADC Secretariat attends the CISNA Governance Council meetings as an observer.
The Governance Council, subject to the general direction of the General Council, must –
(a) execute the decisions of the General Council;
(b) oversee the operations of CISNA;
(c) direct and oversee the operations of the CISNA Secretariat; and
(d) oversee the recruitment of the Secretary General and other staff for the CISNA Secretariat in accordance with the directions from the General Council.
The main functions of the Governance Council include:
Namibia Financial Institutions Supervisory Authority
Autorité de Régulation et de Contrôle des Assurances
Democratic Republic of Congo
Financial Services Commission
Republic of Mauritius
Insurance and Pensions Commission
Council for Medical Schemes
Securities and Exchange Commission
Capital Markets Commission
Securities and Exchange Commission Zimbabwe
Chairperson of CMS
Prudential Authority South Africa
Chairperson of IRMIS
Namibia Financial Institutions Supervisory Authority Namibia
Chairperson of MiFFCO
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.