Unpacking the FSCA’s mandate as a conduct regulator
South Africa is known globally for having an efficiently run, well-regulated and stable financial services industry. And the enterprise tasked with regulating this robust sector, the Financial Services Board (FSB), was largely successful – which begs the question: why change this regulator to the Financial Sector Conduct Authority (FSCA) in 2018? The answer is simple.
Unpacking the FSCA’s mandate as a conduct regulator
South Africa is known globally for having an efficiently run, well-regulated and stable financial services industry. And the enterprise tasked with regulating this robust sector, the Financial Services Board (FSB), was largely successful – which begs the question: why change this regulator to the Financial Sector Conduct Authority (FSCA) in 2018? The answer is simple.