Regulatory Alerts2019-06-26
Added · Updated
I-MAF-01-2019 - Submission of Quarterly Reports and Any Other Requested Information
Registered medical aid funds must submit quarterly returns via the Electronic Regulatory System within 30 calendar days of each quarter's end. Submissions containing unbalanced statements, material inaccuracies, or unreconciled data are treated as non-submissions, triggering an administrative penalty of N$1,000.00 per calendar day of failure until accurate information is provided. This directive amends Circular 1 of 2002 and several prior directives regarding the submission of accurate and complete information.
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