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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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Recent Developments and Prospects:

The major issue now facing life offices is the question of AIDS. While the impact is difficult to predict, all life offices currently require HIV tests for cover in excess of R200 000 or automatically include an AIDS exclusion clause. For some life offices the HIV testing limit has already been reduced to R50 000. Some life offices have aimed at countering the effect of AIDS by introducing policies requiring HIV testing every five years up to a certain ...
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