Regulatory Alerts2023-04-05
Chapter 7 – Medical Aid Funds Standards
The regulatory authority issued Chapter 7 of the Medical Aid Funds Standards to mandate comprehensive governance, financial viability, and member protection requirements for all registered schemes. The November 2024 revision updates reporting obligations, risk management protocols, and compliance monitoring frameworks to ensure consistent fund operations. Registered medical aid funds must implement these revised standards by the specified compliance deadline to maintain their operating licenses.
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