2023-04-05

Breakdown – Industry Comments Chapter 7 (Medical Aid Funds)

The Council for Medical Schemes issued this breakdown to consolidate industry feedback on Chapter 7 regulatory requirements. The updated framework mandates revised governance protocols, stricter financial viability tests, and standardized scheme classification rules. Registered medical aid funds must align their operational policies with these directives by the October 2024 compliance deadline.

Namibia

Namibia Financial Institutions Supervisory Authority

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