The purpose of the IRMIS is to address sector specific issues to ensure achievement of the objects of CISNA.
The mandate of the IRMIS is to execute the objects of CISNA as defined in paragraph 2 of the CISNA Rules and in particular to promote harmonisation of legislation and supervisory frameworks in insurance, retirement fund, medical schemes and intermediary sectors.
The IRMIS shall consist of a minimum of five and a maximum of nine members, elected by the General Council in accordance with Paragraph 12 of the CISNA Rules.
The current composition of the IRMIS is as follows:
Pensions and Insurance Authority
Mr Cuthbert Tafirei Munjoma
Insurance and Pensions Commission
Namibia Financial Institutions Supervisory Authority (NAMFISA)
Mr Andile Mjadu
Financial Sector Conduct Authority
Reserve Bank of Malawi
Tanzania Insurance Regulatory Authority
Non-Bank Financial Institutions Regulatory Authority
Financial Services Regulatory Authority
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.