Regulatory Alerts2021-12-22
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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.
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