Tag Archives | FSCA


Services under Supervision Proposals

This is the time of year when a vitamin B jab becomes obligatory if you want to make it to the festive season. To make matters worse, the burden of budgeting for 2019 also starts rearing its unwelcome head. A recent consultation paper, published by the FSCA, contains some very relevant issues which may have […]

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FSCA RE Study Material update June 2018

The May edition of the FSCA FAIS Newsletter contains a summary of events since the publication of Board Notice 194 of 2017 (the “Fit and Proper” Board Notice) which came into effect on 1 April 2018 and impacted on the RE 1 and RE 5 regulatory exams. The “Fit and Proper” Board Notice contains amended qualifying criteria for these […]

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New Draft Conduct of Business Report

The Financial Sector Conduct Authority (Authority) intends to replace the current compliance reports with the proposed Conduct of Business Report (COBR) that was published for public comment on the official web site of the FSCA. The proposed COBR was necessitated by the changing regulatory landscape and the focus on outcomes based regulation and proactive supervision. […]

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Regulatory Focus on FICA

The Financial Sector Conduct Authority (FSCA) has just published a general communication to Accountable Institutions (AIs) on its supervisory approach to implementation of the Amendments to the Financial Intelligence Centre Act, 2001 (FICA). This publication confirms the FSCA’s commitment to assist Accountable Institutions with implementation of the required systems, procedures and controls envisaged in the […]

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Twin Peaks approach to licencing

The Financial Sector Conduct Authority (FSCA) envisages a shift from the current sectoral licensing model to a more centralised, activity-based licensing one. This shift, however, will only take place in the second phase of implementation of the Twin Peaks model. Until then, the licensing of entities will continue to take place under the existing financial […]

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FSB’s Core Focus for Transition to FSCA

Below is a summary of a recent article by Advocate Dube Tshidi, Executive Officer at the FSB, which was published in Insurance Gateway. When the FSB becomes the Financial Services Conduct Authority (FSCA), it is not merely a switch to a new entity. It is the establishment of a completely new organisation which requires a […]

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