Regulatory Alerts2022-11-25
Regulations for Industries (Preliminary, Insurance, Retirement Funds, Friendly Societies, Medical Aid Funds)
The regulator promulgated preliminary regulations governing insurance, retirement funds, friendly societies, and medical aid funds. These rules require licensed entities to adopt standardized operational frameworks, enhanced compliance reporting, and continuous supervisory oversight. The updated provisions took effect in November 2024 to harmonize sector-specific mandates and strengthen financial stability.
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