What is FSCA In South Africa?
The Financial Sector Conduct Authority (FSCA) is responsible for market conduct regulation and supervision.
How do I know if my broker is registered with FSCA?
Checking if a broker is regulated by the FSCA is easy. The FSCA offers a search tool for all authorized Financial Service Providers (FSPs) here: https://www.fsca.co.za/Fais/Search_FSP.htm.
Who is regulated by FSCA in South Africa?
The FSCA is the market conduct regulator of financial institutions, that provide financial products and financial services,
financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures.
What are the powers of the FSCA?
The FSCA may as part of its ongoing responsibility of supervising financial institutions’ compliance with financial sector laws,
take appropriate remedial and enforcement action where a financial institution has failed to comply with the law.
When was FSCA established?
The Financial Sector Conduct Authority (FSCA) was established by the Financial Sector Regulation Act 9 of 2017 (the FSR Act)
to become a dedicated market conduct authority replacing the Financial Services Board (FSB), on 1 April 2018.