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.
Last update: December 2022
Copyright: This Act reproduced under Government Printers Copyright Authority 10154 dated 20 March 1996
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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.