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Circular 11 of 2024: Categorisation of assets in terms of Annexure B to the Regulations of the Medical Schemes Act

The Council for Medical Schemes (CMS) has finalised the Guidelines on categorising assets in terms of Regulation 30 of the Medical Schemes Act (131) (MSA) read in conjunction with Annexure B to the Regulations. The classification of assets is based on information available to CMS.

Kindly refer to the Explanatory Memorandum issued as an appendix to Circular 13 of 2015 for considerations taken into account in the classification of assets in terms of Annexure B. This Explanatory Memorandum has also been incorporated in the Help File to the Annual Statutory Return.

It should be noted that the purpose of these Guidelines is to guide the categorisation of assets according to Annexure B to the Regulations, and not to highlight any non-compliance matters. Schemes should ensure compliance with not only the limitations imposed by Annexure B, but also the various Sections of the Act.

Download the full Circular here.