Regulatory Alerts2025-06-11
FSCA Communication 12 of 2025 Update on the Cross-Sectoral Conduct of Business Return Rollout
The Financial Sector Conduct Authority (FSCA) has revised its cross-sectoral Conduct of Business Return (OMNI-CBR) rollout to align with a newly procured digital supervisory platform and automated risk model. Financial institutions are advised to pause internal OMNI-CBR system development and continue existing sector-specific reporting until the regulator finalizes guidance on the phased implementation. An industry pilot is scheduled for the third quarter of 2025, providing a one-year preparation window before the platform's official go-live.
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