Trade Union Congress of Namibia (TUCNA) has requested that Namibia Financial Institutions Supervisory Authority (NAMFISA) extend the set deadline for the Financial Institutions and Markets Act (FIMA) In a letter penned to the CEO of NAMFISA the union's Secretary-General Mahongora Kavihuha informs Kenneth Matomola that after various meetings were held with NAMFISA and other stakeholders regarding the FIMA Draft Regulations several issues came up prompting the need for an extension. Kavihuha further states that a proper study needs to be carried out to inform findings, and will enable NAMFISA to further develop the draft regulations before the act can become operational. Trade unions which are very important stakeholders, by not only being part contributors to the funds but sizeable beneficiaries, are entitled to make contributions to this discourse he said. He further informed NAMFISA’s boss that trade unions must be given ample time to consult widely to secure meaningful input from their members. Kavihuha has also asked NAMFISA that TUCNA be provided with GIPF’s position on the matter. Earlier this month NAMFISA made a call, asking for public input regarding FIMA, the body had said that such input should reach the CEO within 30 days.