Regulatory Alerts2023-03-31
FSCA Draft Conduct Standard on Requirements for Financial Institutions Providing Financial Education Initiatives
The Financial Sector Conduct Authority has published a draft Conduct Standard establishing baseline governance, oversight, and reporting requirements for financial institutions delivering consumer financial education initiatives. This regulatory framework addresses the current fragmentation of South African financial education programs by mandating coordinated, minimum standards to enhance consumer financial literacy and inclusion. Stakeholders are invited to submit written comments on the draft standard and accompanying template by 15 May 2023 via email to finalize the regulatory expectations.
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