FSCA Releases Integrated Annual Report 2024/25

Posted 17 October 2025 Written by Acts Online
Category Financial and Accounting

Brought to you by SA Accounting Academy: The Financial Sector Conduct Authority (FSCA) has released its Integrated Annual Report for the financial year ended 31 March 2025, detailing a significant increase in enforcement activities and the licensing of crypto asset service providers.

In accordance with the Financial Sector Regulation Act, No. 9 of 2017, the Financial Sector Conduct Authority (FSCA) has outlined its performance, strategic priorities, and regulatory interventions for the period from 1 April 2024 to 31 March 2025. The report reflects the Authority’s transition toward a risk-based and data-driven supervisory approach, aimed at strengthening market integrity and conduct of business frameworks.

Key Regulatory and Enforcement Statistics

The 2024/25 financial year saw a marked increase in the volume of regulatory actions and licensing approvals. Key highlights from the report include:

  • The granting of licenses to 779 Financial Service Providers (FSPs), representing an increase of 111 compared to the previous year.
  • The licensing of 264 Crypto Asset Service Providers (CASPs) following the declaration of crypto assets as a financial product.
  • The conclusion of 633 investigations, a substantial rise from the 418 investigations concluded in the 2023/24 period.
  • The issuance of 131 debarment orders against individuals for non-compliance or misconduct.
  • The imposition of administrative penalties and fines totaling R119 million.

The Authority also oversaw the successful rollout of the two-component retirement system, which required significant regulatory coordination to ensure fund compliance and member protection. Furthermore, the FSCA continued to implement its three-year Regulation Plan, focusing on embedding conduct standards that align with the Financial Advisory and Intermediary Services Act, No. 37 of 2002.

Click here to download the FSCA Integrated Report 2024-25.

What this means for you, your business, or your clients

  • For yourself: Professionals must remain cognizant of the FSCA’s increased debarment activity (131 orders) and ensure that all personal conduct and advisory services strictly adhere to the fit and proper requirements of the FAIS Act.
  • For your business: FSPs and CASPs must prepare for more intensive, data-driven supervision; firms should audit their internal compliance data to ensure it can withstand the FSCA’s increasingly sophisticated risk-based monitoring tools.
  • For your clients: Advise clients on the regulatory status of crypto asset service providers, ensuring they only engage with the 264 newly licensed CASPs to mitigate the risk of dealing with unregulated entities.

Originally published at https://accountingacademy.co.za/news/read/fsca-integrated-report-2024-2025

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