Regulatory Alerts2020-07-03
FSCA Final Conduct Standard for Banks
The Financial Sector Conduct Authority (FSCA) published its final Conduct Standard for Banks, accompanied by a supporting Statement and Consultation Report. This regulation establishes mandatory conduct requirements to ensure the fair treatment of financial customers and empowers the Authority to supervise banking sector practices. Implemented under the Financial Sector Regulation Act, the Standard marks the foundational step toward a comprehensive market conduct framework for South African banks.
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