2025-09-03
The Financial Sector Conduct Authority (FSCA) has published a draft Conduct Standard to establish a holistic, principles-based regulatory framework for securities financing transactions (SFTs) in South Africa. The standard requires SFT participants to implement robust governance, risk management, and internal control frameworks to address identified market risks without imposing overly prescriptive rules. Stakeholders are invited to submit written comments using the provided template by 17 October 2025 via email.