Regulatory Alerts2023-07-05
2023 FSCA 3-Year Regulation Plan
The Financial Sector Conduct Authority published its 2023 three-year Regulation Plan to direct the strategic legislative review and framework development for South Africa’s financial sector from April 2023 to March 2026. The updated plan revises timelines for delayed financial markets and retirement fund projects, integrates new strategic initiatives such as interim amendments to Board Notices 90 and 257, and prioritizes building a cross-sector conduct framework under the Conduct of Financial Institutions Bill. By aligning existing deliverables with emerging risks and international standards, the FSCA ensures its regulatory instruments remain robust, cost-effective, and focused on fair customer treatment and market integrity.
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