The South Africa Financial Sector Conduct Authority has published its 2026 Three-Year Regulation Plan for 1 April 2026 to 31 March 2029, setting out its market conduct regulatory roadmap for the next three years. The plan is anchored in preparation for the pending Conduct of Financial Institutions Bill, which the authority expects to shift South Africa from a fragmented, rules-based regime to a harmonised, outcomes- and principles-based framework. To support that transition, the FSCA will work with National Treasury during the bill’s parliamentary process and continue consultations on themed frameworks covering fit and proper requirements, risk management, internal controls, complaints management and governance through 2026/27 and beyond. The plan also prioritises stronger financial markets regulation, including benchmark reform and support for the transition from Johannesburg Interbank Average Rate to South African Rand Overnight Index Average by 31 December 2026, alongside joint standards on governance, outsourcing, operational resilience and beneficial ownership transparency, and further reforms in retirement funds, collective investment schemes, co-operative financial institutions and payment services. Reflecting the cumulative impact of legislative reform on the sector, the plan limits new regulatory projects where possible and sequences reforms through consultation and phased implementation.
South Africa Financial Sector Conduct Authority2026-07-03
South Africa Financial Sector Conduct Authority publishes 2026-2029 regulation plan focused on COFI Bill transition and JIBAR to ZARONIA reform
The South Africa Financial Sector Conduct Authority has issued its 2026-2029 regulation plan, with the Conduct of Financial Institutions Bill as the central driver of future market conduct reform. Priorities include themed consultations for the new framework, benchmark reform and the JIBAR to ZARONIA transition by 31 December 2026, plus joint standards on governance, outsourcing, operational resilience and beneficial ownership transparency. The authority also says it will limit new projects where possible and phase reforms to manage industry impact.