• Adami Geldenhuys

Deposit Insurance Bills



The following Bills were introduced into Parliament during January 2022.


Financial Sector and Deposit Insurance Levies Bill 3 of 2022


The long title of the Financial Sector and Deposit Insurance Levies Bill 3 of 2022 provides the following information on the objects of the Bill:


To provide for the imposition of financial sector levies on supervised entities; to provide for the imposition of a deposit insurance levy; to provide for exemption from such levies under certain circumstances; to provide for the allocation of amounts levied to financial sector bodies; and to provide for matters connected therewith.”


A copy of the bill is available at https://pmg.org.za/files/B3-2022_Financial_Sector_and_Deposit_Insurance_Levies7022.pdf


A notice of introduction in the National Assembly and explanatory summary was published under General Notice 772 in Government Gazette 45791 dated 20 January 2022 prior to introduction into Parliament. The following documents associated with the Bill were made available by National Treasury:


Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Bill 4 of 2022


The object of the Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Bill 4 of 2022 is:


To provide for the collection and administration of levies imposed in terms of the Financial Sector and Deposit Insurance Levies Act, 2022; to amend the Financial Sector Regulation Act, 2017, in order to provide for the administration of levies imposed in terms of the Financial Sector and Deposit Insurance Levies Act, 2022; to provide for the imposition, collection and administration of deposit insurance premiums; to amend the Pension Funds Act, 1956, the Banks Act, 1990, the Mutual Banks Act, 1993, and the Financial Advisory and Intermediary Services Act, 2002, to align them with the Financial Sector Regulation Act, 2017, in respect of the financing of financial sector bodies; and to provide for matters connected therewith.”


A copy of the bill is available at https://pmg.org.za/files/B4-2022_Financial_Sector_Levies_-_Administration.pdf


Prior to the introducing the Bill to Parliament a notice of introduction in the National Assembly and the explanatory summary was published under General Notice 773 in Government Gazette 45791 dated 20 January 2022. The following documents relating to the Bill were made available by National Treasury:


Date posted: 7 February 2022




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