Regulatory Alerts2022-11-25
Regulations for Industries (Preliminary, Insurance, Retirement Funds, Friendly Societies, Medical Aid Funds)
The regulatory authority issued these updated regulations to establish binding operational and compliance frameworks for insurance providers, retirement funds, friendly societies, and medical aid funds. The rules require preliminary licensing, standardized governance structures, and periodic financial reporting for all covered entities. These consolidated amendments replace fragmented sectoral guidelines, thereby enhancing market stability and strengthening consumer protection across the financial services industry.
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