NBFIRA Botswana: Comprehensive Review of Supervisory Fees Framework

• NBFIRA has initiated a comprehensive review of the supervisory and licensing fees framework in Botswana.
• The review aims to address industry feedback on the need for an overhaul of the current system.
• Industry stakeholders are invited to submit comments on the existing supervisory levies and licensing fees model by September 15, 2026.

The Authority values your contributions and expertise in this process. We look forward to collaborating with the industry to create a transparent and equitable model that aligns with modern industry standards and stakeholders' expectations, while supporting the industry's future growth.

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has initiated a comprehensive review of the supervisory and licensing fees framework in Botswana. This review aims to address industry feedback on the need for an overhaul of the current system, which has not been comprehensively reviewed since its introduction. The NBFIRA is seeking comments from all non-bank financial institutions (NBFIs) on the existing supervisory levies and licensing fees model, as well as any additional insights or contributions they may have to offer.

The review process will involve consultations with industry stakeholders, with a focus on creating a transparent and equitable model that aligns with modern industry standards and stakeholders' expectations. The NBFIRA values the expertise of the industry participants in this process and looks forward to collaborating with them to create a framework that supports the future growth of the sector.

The supervisory levies and licensing fees model is a critical component of the regulatory framework governing non-bank financial institutions in Botswana. The current system has been in place since the introduction of supervisory levies, but it has not undergone a comprehensive review in recent years. This lack of scrutiny has led to concerns among industry stakeholders about the fairness and effectiveness of the existing model.

The NBFIRA's review is an opportunity for the regulator to assess the current framework and make necessary adjustments to ensure that it remains aligned with modern industry standards and stakeholders' expectations. The review will also provide a platform for industry participants to contribute their expertise and insights, which will help shape the future of the regulatory framework in Botswana.

The outcome of this review has significant implications for lawyers and compliance officers working with non-bank financial institutions in Botswana. The new supervisory and licensing fees framework may impact the operational costs of these institutions, making it essential for industry stakeholders to engage with the review process.

A transparent and equitable model that aligns with modern industry standards will not only benefit the sector but also contribute to the overall growth and development of the economy. By engaging with this review, industry participants can help shape a regulatory framework that supports the future growth of non-bank financial institutions in Botswana.

Lawyers and compliance officers should watch for the outcome of this review, as it may impact their clients' licensing and operational costs in Botswana's non-bank financial sector.

Source: Original reporting via NBFIRA Circular