 | |
| Agency overview | |
|---|---|
| Formed | April 1, 2018 |
| Preceding agency | |
| Jurisdiction | South Africa |
| Headquarters |  Pretoria, South Africa |
| Minister responsible | |
| Agency executive |
|
| Website | www |
The Financial Sector Conduct Authority (FSCA) is the South African financial institutions market conduct regulator and a successor agency to the Financial Services Board (South Africa). [2] [3] [4]
The FCSA was established in 2018, through the promulgation of the Financial Sector Regulation Act 9 of 2017. The act also established the Prudential Authority, which is responsible for prudential regulation in South Africa. The goal of the Act was, among other things, to promote the fair treatment of customers by financial institutions operating in South Africa. [5]
The FSCA is headed by a Commissioner, and the body reports to the Minister of Finance, who leads the National Treasury. [6]
South African companies can apply to the FSCA to become licensed Financial Services Providers, which is a requirement under South African law to practice as such. Consumers can use the FSCA's website to check if a firm is authorized to practice in its field. [7]