27
Jul
Obrein Simasiku The Financial Institutions and Markets Act of 2021 (FIMA) which has been an issue of concern mainly regarding the Preservation of Retirement Benefit has now been referred to a Technical Committee set-up by the Finance Minister, Iipumbu Shiimi. Following a serious public outcry before its implementation is set for the first of October 2022, the minister was postponed it to allow for a wider consultation into the over 400 page regulations. Shiimi has appointed a 19-member Technical Committee to spearhead the consultations, and its only upon completion of this exercise and inclusion of all inputs, that the final…