Medical Schemes Act, 1998 (Act No. 131 of 1998)RegulationsRegulations in terms of the Medical Schemes ActAnnexuresAnnexure B : Explanatory notes and conditions for Annexure B |
| (1) | In respect of items l (a)(i) and l (a)(ii), for banks that are subsidiaries of foreign banks, the foreign parent's capital may not be taken into account. |
| (2) | The sum of deposits in categories l (a)(i) and l (a)(ii) shall not be less than 20%. |
| (3) | Total amounts in categories l (b) and 2 (b) are subject to an aggregate maximum of 15%. |
| (4) | The aggregate of amounts in categories l (a)(ii), 2 (a)(ii) and 2 (a)(xiii) shall be subject to a maximum limit of 30%. |
| (5) | The total exposure allowance per bank, being the aggregate of amounts included in categories 1 (a)(i) and 2 (a)(xi) is subject to an aggregate maximum of 35%. |
| (6) | The total exposure allowance per bank, being the aggregate of amounts included in categories 1 (a)(ii) and 2 (a)(xii) is subject to an aggregate maximum of 10%. |
| (7) | The total exposure allowance for all banks within categories 1 (a)(ii) and 2 (a)(xii) is subject to an aggregate maximum of 30%. |
| (8) | Unit trusts and policies of insurance may not be utilised to circumvent the limitations of these regulations. Medical schemes are required to demonstrate on a "look through" basis that such avenues have not been utilised to bypass the limitations imposed by Annexure B. |