Regulatory Alerts2026-04-08
Notice of the Amendment of the Designation of the Old Mutual Financial Conglomerate
Fundi Tshazibana, Chief Executive Officer of the South African Reserve Bank, has amended the regulatory designation of the Old Mutual Financial Conglomerate to facilitate consolidated supervision under the Financial Sector Regulation Act of 2017. The updated designation formally incorporates Faulu Microfinance Bank Limited, Central Africa Building Society, OM Bank Limited, OM Bank Holding Company Limited, and existing entities designated under the Old Mutual Insurance Group. This administrative update ensures these financial institutions are subject to unified prudential oversight as part of the broader conglomerate structure.
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