Amendment of Insurance Group Designation - Absa Financial Services Limited

The South African Reserve Bank Prudential Authority has amended the designation of the Absa Financial Services Limited Insurance Group for insurance group supervision purposes. The amendment took effect on 24 March 2026 and is issued under section 10(5) of the Insurance Act 18 of 2017. This is an administrative update to an existing supervisory designation rather than a new regulatory requirement.\n\nInsurance groups subject to group-wide supervision by the Prudential Authority should review this designation amendment to understand any updated supervisory implications for their structures. Compliance teams should maintain awareness of this designation change for regulatory reporting and governance purposes. No specific compliance deadline or penalty provisions are associated with this notice.