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CISNA: Regional Harmonisation and Cooperation Intensified

The Pensions and Insurance Authority (PIA) and Securities and Exchange Commission (SEC)  hosted the Committee for Insurance, Securities and Non-Bank Financial Authorities (CISNA) 36th Meeting in Livingstone from 4th-8th April 2016.

CISNA members aim at reinforcing mutual cooperation in their aim to contribute to the sound regulation, effective supervision and rapid development of the financial services sectors in the region, in line with global best practices as set out by international institutions and standard setting bodies.

It also aims to reduce the potential for systemic risk, informing and protect consumers and mobilise capital flows and contribute to prosperity in the SADC region.

CISNA is a Southern African Development Community (SADC) body which comprises the non-banking financial institution authorities, namely, capital markets, collective investment schemes, insurance companies, retirement funds and providers of intermediary services in the region.

The meeting was attended by Regulators of 11 member countries of the South African Development Community (SADC) namely Angola, Botswana, Lesotho, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland and the host country Zambia.