Regulatory Alerts2025-03-12
Added
Directive on Compliance with the Medical Aid Funds Act Regarding Audited Annual Financial Statements
The Registrar of Medical Aid Funds directs all registered medical aid funds to prepare audited annual financial statements for the year ended 31 December 2024 and subsequent years in compliance with the Medical Aid Funds Act. Funds must ensure their statements fairly present the surplus or deficiency of the fund and must not classify accumulated surpluses as liabilities. Additionally, funds are required to correct the comparative figures for the 2023 financial year within the 2024 audited annual financial statements to align with these requirements.
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