The Financial Sector Conduct Authority (FSCA) is an entity of the National Treasury under the National Government of South Africa. It was established by the Financial Sector Regulation Act 9 of 2017 (the FSR Act) to become a dedicated market conduct authority replacing the Financial Services Board (FSB), on 1 April 2018.
The Financial Sector Conduct Authority is mandated to:
- Enhance the efficiency and integrity of financial markets
- Promote fair customer treatment by financial institutions
- Provide financial education and promote financial literacy
- Assist in maintaining financial stability.
The FSR Act extends the jurisdiction of the Financial Sector Conduct Authority to include oversight of financial products and services not overseen by the FSB banking; services related to credit; and the buying and selling of foreign exchange.
It also dictates a shift in approach from the FSB’s traditional compliance driven model to one that is proactive, pre-emptive, risk-based and outcomes focused.
Crucially, the FSR Act includes financial inclusion and transformation of the financial sector in its overall objectives.
The Financial Sector Conduct Authority’s six priority strategic focus areas for the next three years are:
- Building a new organisation
- An inclusive and transformed financial sector
- A robust regulatory framework that promotes fair customer treatment
- Informed financial customers
- Strengthening the efficiency and integrity of our financial markets
- Understanding new ways of doing business and disruptive technologies
Overseeing Department/Entity
Office Bearers/Management
Commissioner
- Mr Unathi Kamlana
Deputy Commissioner
- Ms Farzana Badat
- Ms Katherine Gibson
- Ms Astrid Ludin
Chief Financial Officer
- Mr Paul Kekana
Chief Information Officer
- Ms Phokeng Mogase
Senior Management
- Ms K Dikokwe (Divisional Executive: Conduct of Business Supervision)
- Mr Jabulane Hlalethoa (Divisional Executive: Corporate Services)
- Ms F Mabaso (Divisional Executive: Licencing and Business Centre)
- Mr OB Makhubela (Divisional Executive: Market Integrity Decision Sciences)
- Mr Gerhard van Deventer (Divisional Executive: Enforcement)
Communications Officers
- Ms T Marele (HOD: Communications and Language Services)
Contact Details
The contact details of the Financial Sector Conduct Authority (FSCA) are listed in the table below.
| Physical Address: | Riverwalk Office Park, Block B, 41 Matroosberg Road, Ashlea Gardens, Extension 6, Pretoria, 0081 |
| Postal Address: | P.O. Box 35655, Menlo Park, 0102 |
| Telephone: | 012 428 8000 / 0800 203 722 |
| Email: | info@fsca.co.za |
| Website: | www.fsca.co.za |
