The FSCA regulates financial markets and services in South Africa, focusing on ensuring market integrity, transparency, and the protection of financial customers. It oversees a wide range of financial institutions, including insurers, asset managers, and financial intermediaries.

• Market Conduct: Enforces fair treatment of customers and adherence to ethical practices by financial institutions.
• Disclosure Requirements: Mandates transparent and accurate communication of product terms, fees, and risks to customers.
• Licensing: Requires financial service providers to register and obtain authorization from the FSCA.
• Risk Management: Implements frameworks to identify, manage, and mitigate operational and financial risks.

Established in 2018, the FSCA replaced the Financial Services Board (FSB) as part of South Africa's Twin Peaks regulatory framework.

• Financial Penalties: Institutions may face significant fines for breaches of regulations.
• Operational Restrictions: Non-compliance may lead to license revocation or operational limitations.
• Reputational Damage: Violations can harm trust with customers, investors, and regulators.

• Consumer Protection: Enhances customer confidence through fair treatment and transparent practices.
• Market Integrity: Promotes trust in South Africa’s financial system.