FSCA’s 2025 – 2028 Regulatory Strategy

The Financial Sector Conduct Authority (FSCA) has released its Regulatory Strategy for 2025–2028, outlining its strategic direction for the next three years. The strategy reflects the Authority’s ongoing commitment to fostering a financial sector that delivers better outcomes for customers while maintaining a proactive, responsive, and forward-looking regulatory approach.

Building on the strong foundation established over the past seven years, the strategy presents a coherent framework that will guide the FSCA’s work from 2025 to 2028. At its core, the strategy reaffirms and builds on five strategic objectives that have consistently guided the FSCA’s work since 2021, ensuring continuity while adapting to the evolving financial sector landscape:

“A major focus over the next three years will be on preparing for the implementation of the Conduct of Financial Institutions (COFI) Bill,” said FSCA Commissioner, Unathi Kamlana. “This involves developing a regulatory framework that is robust yet streamlined, refining our licensing and supervisory approaches to remain adaptive to industry changes, and aligning them with the principles of the COFI Bill. We are also preparing to regulate new activities that will fall within our jurisdiction under the COFI Bill. These efforts will further build on the work done to date to ensure more consistent and predictable delivery of desired outcomes.”

The strategy also highlights the implementation of supervisory technology (suptech), an Integrated Regulatory Solution (IRS), as one of the FSCA’s key strategic priorities for the next three years.

The IRS represents a major step forward in modernising the FSCA’s regulatory capabilities – streamlining licensing processes, enhancing risk-based supervision, and enabling more effective, data-driven oversight of the financial sector. This suptech will allow the FSCA to collect and analyse information more efficiently, ensuring quicker responses to emerging risks and more targeted regulatory interventions.

As South Africa’s financial sector continues to evolve, the FSCA remains focused on what matters most: protecting financial customers and strengthening the integrity and resilience of the financial system. Through this strategy, the FSCA reinforces its commitment to responsive and effective regulation, ensuring that its actions remain aligned with the needs of both the financial sector and the South African public.