On 28 September 2020, National Treasury released the second draft Bill regulating the conduct of Financial Institutions, for comment.
The aim of the Bill is to impose conduct standards for financial institutions to protect financial customers.
The Bill is the second peak of the Twin Peaks model and will require market conduct that
When the Financial Sector Regulation Act (FSRA) was introduced in 2018, the FSCA was tasked with regulating and supervising the way banks conduct themselves in relation to the provision of financial products and services to customers.
In fulfilment of this mandate, the FSCA has published a conduct standard for banks. The conduct standard is supported
On 8 June 2020, the Financial Sector Conduct Authority published three draft conduct standards for public comment to be made by 31 July 2020.
The purpose of the draft conduct standards is to regulate the:
On 20 May 2020, the Financial Sector Conduct Authority (FSCA) published a draft Conduct Standard for Exchanges and a draft Directive for Exchanges.
Conduct Standard for Securities Exchanges
The main objective of the proposed conduct standard is to introduce requirements for the conduct of securities exchanges in response to increased competition in the South