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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P O Box 427 Pretoria 0001 South Africa
370 Helen Joseph Street Pretoria 0002
+27 12 313 3911 / 0861 12 7272 www.resbank.co.za 1 Financial Sector Regulation Act No. 9 of 2017 Notice of the amendment of the Designation of a Financial Conglomerate in terms of section 160(9) of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017):
I, Fundi Tshazibana, acting under section 160(11) of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017) hereby give notice of the amendment to the designation of entities of the Old Mutual Financial Conglomerate for the purpose of facilitating financial conglomerate supervision. The following entities are included as members of the Old Mutual Financial Conglomerate:

Companies designated as part of the Old Mutual Insurance Group
https://www.resbank.co.za/en/home/what-we-do/Prudentialregulation/InsuranceGroup-Designation;
Faulu Microfinance Bank Limited;
Central Africa Building Society;
OM Bank Limited; and
OM Bank Holding Company Limited.
Fundi Tshazibana
Chief Executive Officer
Date:

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Source: South African Reserve Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works