Regulatory Alerts2022-11-25
Regulations for Industries (Preliminary, Insurance, Retirement Funds, Friendly Societies, Medical Aid Funds)
The regulatory authority issued these Regulations for Industries to establish preliminary compliance frameworks for insurance, retirement funds, friendly societies, and medical aid funds. The updated guidelines mandate standardized operational procedures, reporting standards, and oversight mechanisms across all designated financial sectors. Effective from their November 2024 revision, the regulations enforce stricter institutional governance to ensure market stability and consumer protection.
Share