To provide for the regulation and supervision of the activities of juristic persons doing business as mutual banks; and to provide for matters connected therewith.

Latest Developments:

Financial Sector Laws Amendment Act 23 of 2021 has updated and made Amendments to:

Banks Act 1990

Competition Act 1998

Co-operative Banks Act 2007

Companies Act 2008

Financial Institutions (Protection of Funds) Act 2001

Financial Markets Act 2012

Financial Sector Regulation Act 2017

Insolvency Act 1936

Insurance Act 2017

Mutual Banks Act 1993

South African Reserve Bank Act 1989

as per Notice No. 789, of GG45825, dated 28 January 2022

Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 (Act No 12 of 2022), Schedule: Amendment of Laws: Section 4 has updated and made Amendments to:

Pension Funds Act 1956

Banks Act 1990

Mutual Banks Act 1993

Financial Advisory and Intermediary Services Act 2002; and

Financial Sector Regulation Act 2017,

as per Notice No. 1512, of GG47696, dated 9 December 2022

The Mutual Banks Act, 1993 (Act No. 124 of 1993), has been amended by the Financial Sector Laws Amendment Act 2021 (Act No. 23 of 2021): Section 12, as per Notice No. 789, GG45825, dated 28 January 2022 - together with Commencement of certain provisions Notice No. 2050, GG46288, dated 29 April 2022

The Mutual Banks Act, 1993 (Act No. 124 of 1993) has been amended as per Schedule 4 of the Financial Sector Regulation Act, 2017. Gazette Number 41549 - Notice 169 dated 29 March 2018.

The Mutual Banks Act, 1993 has been added to the site, and amended by Notice No. 25 in Government Gazette dated 2 December 1994, and the Mutual Banks Amendment Act No. 54 of 1999 in Government Gazette No. 20727 dated 15 December 1999.