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Mutual Banks Act, 1993

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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: April 2022

Copyright: This Act reproduced under Government Printers Copyright Authority 10154 dated 20 March 1996

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Latest Developments:


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.