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COFI Bill approved for submission to Parliament | SA News

Cabinet has approved the Conduct of Financial Institutions (COFI) Bill for submission to Parliament, marking a further step in South Africa’s long-running financial sector regulatory reform process.

The development was confirmed in a Cabinet statement issued following its meetings of 25 March and 1 April 2026.

According to the statement, the purpose of the Bill is to establish a single, comprehensive framework for regulating the market conduct of financial institutions. This forms part of government’s broader shift to the Twin Peaks model of financial regulation, which separates prudential supervision from market conduct oversight.

Cabinet indicated that the COFI Bill is intended to…

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