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Financial Sector Conduct Authority (FSCA)

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Who we are

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 we do

The Financial Sector Conduct Authority (FSCA) is responsible for market conduct regulation and supervision. FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions, as well as providing financial customers with financial education. The FSCA will further assist in maintaining financial stability.

Vision

To ensure an efficient financial sector where customers are informed and treated fairly.

Mission

To ensure a fair and stable financial market, where consumers are informed and protected, and where those that jeopardize the financial well-being of consumers are held accountable.

For more information visit https://www.fsca.co.za.

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From The Glossary »

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Contingency reserve:

Is the amount set aside in terms of the Short-term Insurance Act to cover abnormal losses flowing from abnormal or unusual events such as earthquakes, floods and tidal waves. Charges are made against the reserve onlyas approved by the South African Registrar of Insurance.
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