Regulatory Alerts2018-03-29
Determinations Under Section 291 of the Financial Sector Regulation Act, 2017
The Minister of Finance has transferred the regulatory oversight of medical schemes from the Prudential Authority and the Financial Sector Conduct Authority to the Council for Medical Schemes. This interim arrangement, authorized under Section 291 of the Financial Sector Regulation Act, remains effective until 31 March 2021. The Council for Medical Schemes must exercise these delegated powers and duties with the formal concurrence of both the Prudential Authority and the Financial Sector Conduct Authority.
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