Committee of Insurance, Securities
and Non-Banking Financial Authorities

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To add some text here ** Annex 10 of FIP sets out the scope of CISNA. Annex 10: Co-operation on Non-Banking Financial Institutions (NBFI) and Services brings together the regulatory authorities in SADC Member States responsible for the financial sector activities outside the banking sector such as the insurance, securities markets (stock exchanges), pension funds, asset managers and other non-banking financial institutions. It aims at contributing to the sound regulation, effective supervision and rapid development of financial services industries.

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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.

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