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APRA revokes foreign ADI licence for Investec Bank Plc

Friday 11 June 2021

The Australian Prudential Regulation Authority (APRA) has revoked the licence for Investec Bank plc (Investec) to operate as a foreign authorised deposit-taking institution (Foreign-ADI) under the Banking Act 1959. The decision was made at Investec’s request.

An updated list of all APRA-authorised ADIs can be found on the APRA website here.

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Contact APRA Media Unit, on +61 2 9210 3636

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For more information contact APRA on 1300 558 849.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $7.7 trillion in assets for Australian depositors, policyholders and superannuation fund members.