Regulatory Alerts2024-07-03
2024 FSCA 3-Year Regulation Plan
The Financial Sector Conduct Authority (FSCA) has published its 2024 three-year Regulation Plan to outline prioritized legislative projects and strategic focus areas for the period from April 2024 to March 2027. The updated framework introduces four new projects, including standards for third-party outsourcing and capital requirements for derivative market providers, while revising timelines to align South Africa’s financial regulations with international peer review findings. By advancing cross-sector harmonization through the Conduct of Financial Institutions Bill and addressing emerging risks such as sustainable finance, artificial intelligence, and operational resilience, the plan ensures a robust, principles-based regulatory environment that safeguards financial customers and market integrity.