Financial Sector Conduct Authority
FSCA or Financial Sector Conduct Authority is the market conduct regulator of financial institutions in South Africa and is responsible for market conduct regulation and supervision.
The FSCA regulates companies 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.
The role FSCA play in the South African financial sector is to:
- Ensure a fair and stable financial market
- Regulate a market where consumers are informed and protected
- Enforce where those that jeopardize the financial well-being of consumers are held accountable
- Maintain the values of, agility, camaraderie, diligence, fairness, integrity and perseverance
Official FSCA website: https://www.fsca.co.za/Back to Glossary