FSCA Proposes Adjustments to Financial Sector Levies and Fees

Posted 10 October 2025

The Financial Sector Conduct Authority (FSCA) has published draft amendments to Schedule 2 of the Financial Sector and Deposit Insurance Levies Act, No. 11 of 2022.

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Banks: Proposed R1m Minimum Denomination for FLAC Instruments

Posted 07 October 2025

The Prudential Authority has issued a draft determination proposing a R1 million minimum denomination for Financial Loss Absorbing Capacity (FLAC) instruments, effective 1 January 2026.

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Financial Markets Act: Exemption Criteria for External CCPs and TRs

Posted 06 October 2025

The FSCA and Prudential Authority have published Joint Standard 1 of 2024, establishing the criteria for exempting external central counterparties and trade repositories from licensing under the Financial Markets Act, No. 19 of 2012.

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SARB Invites Comment on Draft CODI Fund Strengthening Strategy

Posted 22 September 2025

The South African Reserve Bank has released a draft strategy aimed at reducing the Corporation for Deposit Insurance’s reliance on loan funding through a phased increase in deposit insurance premiums.

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Status Update: Conduct of Financial Institutions (COFI) Bill

Posted 15 September 2025

The Financial Sector Conduct Authority (FSCA) has indicated that the Conduct of Financial Institutions (COFI) Bill is nearing submission to Cabinet for approval, following significant delays since its initial draft in 2018.

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Financial Sector & Deposit Insurance Levies Act: Levy Adjustments Gazetted

Posted 09 September 2025

National Treasury has gazetted adjustments to the levies payable by supervised entities under the Financial Sector & Deposit Insurance Levies Act, No. 11 of 2022.

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FSCA Draft Conduct Standard for Securities Financing Transactions

Posted 04 September 2025

The Financial Sector Conduct Authority has called for public comment on a draft conduct standard for securities financing transactions under the Financial Markets Act, No. 19 of 2012.

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FSCA Invites Comment on JSE Rule Amendments for CSD Naming Conventions

Posted 23 August 2025

The Financial Sector Conduct Authority (FSCA) has called for public input by 5 September 2025 on draft amendments to the Johannesburg Stock Exchange (JSE) rules regarding central securities depository (CSD) naming conventions.

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FSCA Publishes Conduct Standard for Collective Investment Scheme Managers

Posted 15 August 2025

The Financial Sector Conduct Authority has issued a new conduct standard prescribing governance, operational, and conduct requirements for managers of collective investment schemes.

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Withdrawal of Draft National Credit Act Regulatory Amendments

Posted 13 August 2025

The Department of Trade, Industry and Competition has withdrawn proposed draft amendments to regulations under the National Credit Act, No. 34 of 2005, to allow for further stakeholder consultation.

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Banks Act: Draft Directive on Board Independence Issued

Posted 07 August 2025

The Prudential Authority has released a draft directive under the Banks Act, No. 94 of 1990, outlining new requirements for board independence and the appointment of independent non-executive directors as committee chairs.

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Financial Sector: Cloud Computing and Disaster Risk Financing Developments

Posted 04 August 2025

The FSCA, PA, and National Treasury have released new directives and strategies concerning cloud computing risk mitigation and disaster response financing frameworks.

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Banks Act: Prudential Authority Seeks Input on Basel III Roadmap

Posted 24 July 2025

The Prudential Authority has released a draft directive outlining the phased implementation roadmap for Basel III post-crisis reforms under the Banks Act, No. 94 of 1990.

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2025 Health and Accident Insurance Benefit Escalations

Posted 22 July 2025

National Treasury and the FSCA have published the 2025 policy benefit escalations for health and accident insurance products, effective 1 April 2025.

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Pension Funds Act: FSCA Exemption for Retail Fund Amalgamations

Posted 15 July 2025

The Financial Sector Conduct Authority (FSCA) has issued a notice exempting retail funds from the requirements of section 14(1) of the Pension Funds Act, No. 24 of 1956, regarding amalgamations and transfers.

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JSE Interest Rate and Currency Derivatives Rules: Draft Amendments Published

Posted 04 July 2025

The Financial Sector Conduct Authority has invited public comment on draft amendments to the JSE Interest Rate and Currency Derivatives Rules, specifically concerning the introduction of tri-party repurchase transactions.

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Banks: Prudential Authority Issues IRB Credit Risk Guidelines

Posted 02 July 2025

The Prudential Authority has issued new guidelines for banks and controlling companies regarding the internal ratings-based (IRB) approach for credit risk exposure.

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Banks: Draft Directive on Forest and Agricultural Land Risk Exposures

Posted 30 June 2025

The Prudential Authority has issued a draft directive proposing new risk weightings for bank exposures secured by forest and agricultural land, with a comment deadline of 14 July 2025.

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Banks Act: Regulation 23 Credit Risk Amendments Gazetted

Posted 26 June 2025

National Treasury has gazetted substantive amendments to Regulation 23 of the Banks Act, No. 94 of 1990, revising credit risk exposure measurement requirements effective 1 July 2025.

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Banks: Draft Directive on Large Exposures Issued for Comment

Posted 19 May 2025

The Prudential Authority has called for input on a draft directive under the Banks Act, No. 94 of 1990, concerning the approval and measurement of large exposures.

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