Circular 31 of 2026: General Concerns Noted During the Analysis of the 2025 Annual Financial Statements and Annual Statutory Returns

The Council for Medical Schemes (CMS) would like to express its appreciation to medical schemes, administrators and auditors for their cooperation in submitting the 2025 Annual Financial Statements (AFS) and Financial Annual Statutory Returns (FASR) within the prescribed period, as required by Circular 13 of 2026.

The purpose of this Circular is to bring to your attention common issues identified during the analysis of the AFS and FASR in order to:
• Enhance the quality of data submitted in the AFS and FASR.
• Achieve standardisation and uniformity regarding proper disclosure.
• Reduce errors.
• Establish good financial reporting for the industry in line with the requirements of IFRS Accounting
Standards.