Regulatory Alerts2021-12-22
FSCA Communication 22 of 2021 Update on the Cross-Sectoral Conduct of Business Return
The Financial Sector Conduct Authority (FSCA) has issued an update on the development and phased implementation of its cross-sectoral Conduct of Business Return (Omni-CBR). The regulator has delayed the publication of the draft Omni-CBR template and supporting guidance until early 2022 to align with its new regulatory strategy and executive structure. A comprehensive consultation roadmap will launch in the first quarter of 2022, enabling financial institutions to provide feedback on reporting indicators and operational requirements before the harmonized supervision framework takes effect.
Share