• Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)
  • Notice No. 853 of 2017
  • Act
  • Chapter 1 : Interpretation, Object and Administration of Act
    • Part 1 : Interpretation
      • 1. Definitions
      • 2. Financial products
      • 3. Financial services
      • 4. Financial stability
      • 5. Responsible authorities
      • 6. Financial institutions that are juristic persons
    • Part 2 : Object and administration of Act
      • 7. Object of Act
      • 8. Administration of Act
    • Part 3 : Application of other legislation
      • 9. Inconsistencies between Act and other laws
      • 10. Application of other legislation
  • Chapter 2 : Financial Stability
    • Part 1 : Powers and functions of Reserve Bank
      • 11. Responsibility for financial stability
      • 12. Monitoring of risks by Reserve Bank
      • 13. Financial stability review
    • Part 2 : Managing systemic events and risks in relation to systemic events
      • 14. Determination of systemic events
      • 15. Functions of Reserve Bank in relation to systemic events
      • 16. Information to Minister
      • 17. Responsibilities of financial sector regulators
      • 18. Directives to financial sector regulators
      • 19. Exercise of powers by other organs of state
    • Part 3 : Financial Stability Oversight Committee
      • 20. Establishment of Financial Stability Oversight Committee
      • 21. Functions of Financial Stability Oversight Committee
      • 22. Membership
      • 23. Administrative support by Reserve Bank
      • 24. Meetings and procedure
    • Part 4 : Financial Sector Contingency Forum
      • 25. Financial Sector Contingency Forum
    • Part 5 : Roles of financial sector regulators and other organs of state in maintaining financial stability
      • 26. Co-operation among Reserve Bank and financial sector regulators in relation to financial stability
      • 27. Memoranda of understanding
      • 28. Roles of other organs of state in relation to financial stability and resolution
    • Part 6 : Systemically important financial institutions and payment systems
      • 29. Designation of systemically important financial institutions
      • 29A. Designation institutions
      • 29B. Designation of systematically important payment systems
      • 30. Prudential standards and regulator’s directives in respect of systemically important financial institutions and designated institutions
      • 31. [Repealed] Winding-up and similar steps in respect of systemically important financial institutions
  • Chapter 3 : Prudential Authority
    • Part 1 : Establishment, objective and functions
      • 32. Establishment
      • 33. Objective
      • 34. Functions
    • Part 2 : Governance
      • 35. Overall governance objective
      • 36. Appointment of Chief Executive Officer
      • 37. Role of Chief Executive Officer
      • 38. Term of office of Chief Executive Officer
      • 39. Removal of Chief Executive Officer
      • 40. Acting Chief Executive Officer
      • 41. Establishment of Prudential Committee
      • 42. Role of Prudential Committee
      • 43. Meetings of Prudential Committee
      • 44. Decisions of Prudential Committee
      • 45. Governance and other subcommittees
      • 46. Duties of members of Prudential Committee and members of subcommittees
      • 47. Regulatory strategy
      • 48. Delegations
      • 49. Disclosure of interests
    • Part 3 : Staff, resources and financial management
      • 50. Staff and resources
      • 51. Resources provided by Reserve Bank
      • 52. Duties of staff members
      • 53. Financial management duties of Chief Executive Officer
      • 54. Information by Chief Executive Officer
      • 55. Annual reports and financial accounts
  • Chapter 4 : Financial Sector Conduct Authority
    • Part 1 : Establishment, objective and functions
      • 56. Establishment
      • 57. Objective
      • 58. Functions
    • Part 2 : Governance
      • 59. Overall governance objective
      • 60. Establishment and role of Executive Committee
      • 61. Commissioner and Deputy Commissioners
      • 62. Roles of Commissioner and Deputy Commissioners
      • 63. Terms of office
      • 64. Service conditions
      • 65. Removal from office
      • 66. Meetings of Executive Committee
      • 67. Decisions of Executive Committee
      • 68. Governance and other subcommittees
      • 69. Duties of Commissioner, Deputy Commissioners and other subcommittee members
      • 70. Regulatory strategy
      • 71. Delegations
      • 72. Disclosure of interests
    • Part 3 : Staff and resources
      • 73. Staff and resources
      • 74. Duties of staff members
      • 75. Information by Commissioner
  • Chapter 5 : Co-operation and Collaboration
    • Part 1 : Co-operation and collaboration
      • 76. Co-operation and collaboration between financial sector regulators and Reserve Bank
      • 77. Memoranda of understanding
      • 78. Other organs of state
    • Part 2 : Financial System Council of Regulators
      • 79. Financial System Council of Regulators
      • 80. Meetings
      • 81. Working groups and subcommittees
      • 82. Support for Financial System Council of Regulators
    • Part 3 : Financial Sector Inter-Ministerial Council
      • 83. Financial Sector Inter-Ministerial Council
      • 84. Meetings
      • 85. Protection for financial customers in terms of financial sector laws, National Credit Act and Consumer Protection Act
      • 86. Independent evaluation of effectiveness of co-operation and collaboration
  • Chapter 6 : Administrative Actions
    • Part 1 : Administrative action committees
      • 87. Establishment and membership
      • 88. Terms of membership
      • 89. Meetings
      • 90. Application of Part to Ombud Council
    • Part 2 : Administrative justice
      • 91. Applicability of Promotion of Administrative Justice Act
      • 92. Procedures for specific administrative action in terms of Act
      • 93. Processes for determining or amending administrative action procedures
      • 94. Review of administrative action procedures
      • 95. Revocation of decisions
      • 96. Interpretation
  • Chapter 7 : Regulatory Instruments
    • Part 1 : Regulatory instruments
      • 97. Interpretation
      • 98. Process for making regulatory instruments
      • 99. Substantially different regulatory instrument
      • 100. Urgent regulatory instruments
      • 101. Part does not limit other consultation
      • 102. Making, publication and commencement of regulatory instruments
      • 103. Submission of regulatory instruments to Parliament
      • 104. Reports on consultation processes
    • Part 2 : Standards
      • 105. Prudential standards
      • 106. Conduct standards
      • 107. Joint standards
      • 108. Additional matters for making standards
      • 109. Standards requiring concurrence of Reserve Bank
      • 110. General
  • Chapter 8 : Licensing
    • Part 1 : Licensing requirements
      • 111. Licence requirement in respect of providers of financial products and financial services, and market infrastructures
    • Part 2 : Licences required in terms of section 111(1)(b) or (2) or section 162
      • 112. Interpretation
      • 113. Power to grant licences
      • 114. Request for further information or documents by responsible authority
      • 115. Relevant matters for application for licence
      • 116. Determination of applications
      • 117. Reporting obligations of licensee
      • 118. Licences not transferable
      • 119. Variation of licences
      • 120. Suspension of licences
      • 121. Revocation of licences
      • 122. Continuation of licensed activity despite suspension or revocation of licence
      • 123. Procedure for varying, suspending and revoking licences
      • 124. Applications for licences
    • Part 3 : Provisions relating to all licences under financial sector laws
      • 125. Application
      • 126. Concurrence of financial sector regulators on licensing matters
      • 127. Compulsory disclosure of licences
      • 128. Publication
  • Chapter 9 : Information Gathering, Supervisory On-Site Inspections and  Investigations
    • Part 1 : Application and interpretation
      • 129. Application and interpretation of Chapter
      • 130. Legal professional privilege
    • Part 2 : Information gathering
      • 131. Information gathering
    • Part 3 : Supervisory on-site inspections
      • 132. Powers to conduct supervisory on-site inspections
      • 133. Interference with supervisory on-site inspections
    • Part 4 : Investigations
      • 134. Investigators
      • 135. Powers to conduct investigations
      • 135A. Investigations into designated institutions in resolution
      • 136. Powers of investigators to question and require production of documents or other items
      • 137. Powers of investigators to enter and search premises
      • 138. Warrants
      • 139. Interference with investigations
    • Part 5 : Protections
      • 140. Protections
  • Chapter 10 : Enforcement
    • Part 1 : Guidance notices and interpretation rulings
      • 141. Guidance notices
      • 142. Interpretation rulings
    • Part 2 : Directives by financial sector regulators
      • 143. Directives by Prudential Authority
      • 144. Directives by Financial Sector Conduct Authority
      • 145. Removal of person from position
      • 146. Consultation requirements
      • 147. Period for compliance
      • 148. Revoking directives
      • 149. Compliance with directives
      • 150. Application and interpretation
    • Part 3 : Enforceable undertakings
      • 151. Enforceable undertakings
    • Part 4 : Court orders
      • 152. Compliance with financial sector laws
    • Part 5 : Debarment
      • 153. Debarment
      • 154. Consultation requirements
      • 155. Where person cannot be located
    • Part 6 : Leniency agreements
      • 156. Leniency agreements
  • Chapter 11 : Significant Owners
    • Part 1 : Significant owners
      • 157. Significant owners
      • 158. Approvals and notifications relating to significant owners
      • 159. Standards in respect of, and regulator’s directives to, significant owners
  • Chapter 11A : Beneficial Owners
    • 159A. Beneficial owners
    • 159B. Standards in relation to beneficial owners
    • 159C. Regulator's directives in relation to beneficial owners
  • Chapter 12 : Financial Conglomerates
    • 160. Designation of financial conglomerates
    • 161. Notification by eligible financial institution
    • 162. Licensing requirements for holding companies of financial conglomerates
    • 163. Non-operating holding companies of financial conglomerates
    • 164. Standards for financial conglomerates
    • 165. Directives to holding companies
    • 166. Approval and prior notification of acquisitions and disposals
  • Chapter 12A : Resolution of Designated Institutions
    • Part 1 : General provisions with respect to designated institutions
      • 166A. Exercise of Reserve Bank's powers
      • 166B. Reserve Bank's resolution objectives
      • 166C. Reserve Bank's resolution functions
      • 166D. Winding up and similar steps in respect of designated institutions
      • 166E. Resolution planning
      • 166F. Bridge companies
      • 166G. Act of, and evidence of, insolvency
      • 166H. Liquidation
      • 166I. Delegation of Reserve Bank's resolution functions
    • Part 2 : Placing designated institutions in resolution
      • 166J. Determination by Minister to place designated institution in resolution
      • 166K. When designated institution ceases to be in resolution
      • 166L. Placing designated institution in resolution not termination or acceleration event
      • 166M. Reserve Bank to manage and control affairs of designated institution
      • 166N. Reserve Bank not holding company
      • 166O. Resolution practitioners
      • 166P. Transfer of shares in designated institutions in resolution
    • Part 3 : Resolution measures
      • 166Q. Valuation
      • 166R. Powers
      • 166S. Resolution action, including restructuring and bail in
      • 166T. Outcome of resolution actions
      • 166U. Creditor hierarchy and equality of claims
      • 166V.'No creditor worse off' rule
      • 166W. Ranking of claims
      • 166X. Registration of transactions
      • 166Y. Costs of resolution
    • Part 4 : Protections
      • 166Z. Administrative process for actions taken by Reserve Bank in terms of Chapter
    • Part 5 : Banks in resolution - covered deposits
      • 166AA. Corporation to ensure bank depositors have reasonable access to their covered deposits
      • 166AB. Limit of cover for covered deposits
      • 166AC. Payments made in error or as result of fraud
      • 166AD. Corporation substituted for depositor in respect of claims
    • Part 6 : Corporation for Deposit Insurance - establishment, functions and governance
      • 166AE. Establishment
      • 166AF. Objective and functions
      • 166AG. Membership
      • 166AH. Governance of Corporation
      • 166AI. Board
      • 166AJ. Functions of Board
      • 166AK. Meetings of Board and decisions
      • 166AL. Appointment of Chief Executive Officer of Corporation
      • 166AM. Term of office of Chief Executive Officer of Corporation
      • 166AN. Removal of Chief Executive Officer of Corporation
      • 166AO. Committees
      • 166AP. Duties of directors of Board and members of committees
      • 166AQ. Disclosure of interests
      • 166AR. Share capital
      • 166AS. Financial year of Corporation
      • 166AT. Surplus funds
      • 166AU. Bookkeeping and auditing
      • 166AV. Annual report
      • 166AW. Winding up of Corporation
      • 166AX. Staff and resources
      • 166AY. Resources provided by Reserve Bank
      • 166AZ. Duties of directors, committee members and staff members
      • 166BA. Co-operation and collaboration with financial sector regulators and Reserve Bank
      • 166BB. Memoranda of understanding
      • 166BC. Deposit insurance levy
    • Part 7 : Deposit Insurance Fund
      • 166BD. Deposit Insurance Fund
      • 166BE. Investment
      • 166BF. Information
    • Part 8 : Contributions to Fund
      • 166BG. Deposit insurance premiums
      • 166BH. Fund liquidity
  • Chapter 13 : Administrative Penalties
    • 167. Administrative penalties
    • 168. Payment
    • 169. Interest
    • 170. Enforcement
    • 171. Application of amounts paid as administrative penalties
    • 172. Administrative penalty taken into account in sentencing
    • 173. Remission of administrative penalties
    • 174. Prohibition of indemnity for administrative penalties
  • Chapter 14 : Ombuds
    • Part 1 : Ombud Council
      • 175. Ombud Council
      • 176. Objective
      • 177. Functions of Ombud Council
      • 178. Overall governance objective
      • 179. Board of Ombud Council
      • 180. Appointment of Board members
      • 181. Terms of office of Board members
      • 182. Service conditions of Board members
      • 183. Removal of Board members
      • 184. Role of Board
      • 185. Meetings of Board
      • 186. Decisions of Board
      • 187. Governance and other committees of Ombud Council
      • 188. Chief Ombud
      • 189. Duties of Board members
      • 190. Delegations
      • 191. Staff and resources
      • 192. Duties of staff members
      • 193. Disclosure of interests
    • Part 2 : Recognition of industry ombud schemes
      • 194. Recognition of industry ombud schemes
      • 195. Requirement for further information or documents by Ombud Council
      • 196. Determination of applications
      • 197. Varying conditions
      • 198. Suspension of recognition
      • 199. Revocation of recognition
      • 200. Procedure for varying, suspending and revoking recognition
    • Part 3 : Powers of Ombud Council
      • 201. Ombud Council rules
      • 202. Directives of Ombud Council
      • 203. Enforceable undertakings
      • 204. Compliance with financial sector laws
      • 205. Debarment
      • 206. Administrative penalties
      • 207. Requests for information
      • 208. Supervisory on-site inspections and investigations
    • Part 4 : General provisions
      • 209. Access to ombud schemes
      • 210. Restrictions on financial institutions in relation to ombud schemes
      • 211. Applicable ombud schemes
      • 212. Overlaps between ombud schemes
      • 213. Collaboration between ombuds and ombud schemes
      • 214. Governing rules of recognised industry ombud scheme
      • 215. Obligation to comply with governing rules of recognised industry ombud schemes
      • 216. Suspension of time barring terms
      • 217. Reporting
  • Chapter 15 : Financial Services Tribunal
    • Part 1 : Interpretation
      • 218. Definitions
    • Part 2 : Financial Services Tribunal
      • 219. Establishment and function of Financial Services Tribunal
      • 220. Members of Tribunal
      • 221. Term of office and termination of membership
      • 222. Staff and resources
      • 223. Duties of staff members
      • 224. Panels of Tribunal
      • 225. Panel list
      • 226. Disclosure of interests
      • 227. Tribunal rules
    • Part 3 : Right to reasons for decisions
      • 228. Right to be informed
      • 229. Right to reasons for decisions
    • Part 4 : Reconsideration of decisions
      • 230. Applications for reconsideration of decisions
      • 231. Decision of Tribunal not suspended
      • 232. Proceedings for reconsideration of decisions
      • 233. Decisions of panels
      • 234. Tribunal orders
      • 235. Judicial review of Tribunal orders
      • 236. Enforcement of Tribunal orders
  • Chapter 16 : Fees, Levies and Finances
    • Part 1 : Fees and levies
      • 237. Fees, levies and deposit insurance premiums
      • 238. Fees, levies and deposit insurance premiums to be debts
      • 239. Budget, fees, levies and deposit insurance premium proposals
      • 240. Consultation requirements
      • 241. Determinations of information required for assessment of levy or deposit insurance premium
      • 242. Assessments of levy or deposit insurance premium
      • 243. Payment of fee, levy, deposit insurance premium, or deposit insurance levy by instalments
      • 244. Interest on late or non-payment of fees, levies, deposit insurance premiums and deposit insurance levies
      • 245. Exemption from fee or deposit insurance premium
      • 246. Management of fees, levies, deposit insurance premiums and deposit insurance levies
    • Part 2 : Finances
      • 247. Finances of financial sector bodies
    • Part 3 : Budgeting, accounting, auditing and financial reporting
      • 248. Budgeting, accounting, auditing and financial reporting
    • Part 4 : Application of Chapter to Tribunal
      • 249. Application of Chapter to Tribunal
  • Chapter 17 : Miscellaneous
    • Part 1 : Information sharing and reporting
      • 250. Designated authority
      • 251. Information sharing
      • 252. Reporting by auditors to financial sector regulators
      • 253. Reporting to financial sector regulators
      • 254. Prohibition of victimisation
      • 255. Protected disclosures
    • Part 2 : Financial Sector Information Register
      • 256. Establishment and operation of Financial Sector Information Register
      • 257. Purpose of Register
      • 258. Content of Register
      • 259. Keeping of Register
      • 260. Requirements for registered documents
      • 261. Status of Register and judicial notice
      • 262. Extracts from Register regarding licence status
      • 263. Rectification of Register
      • 264. Delegations by Director-General
    • Part 3 : Offences and penalties
      • 265. Duties of members and staff of certain bodies
      • 266. Licensing
      • 267. Requests for information, supervisory on-site inspections and investigations
      • 268. Enforcement
      • 269. Administrative penalties
      • 270. Ombud schemes
      • 271. Proceedings in Tribunal
      • 272. Miscellaneous
      • 273. False or misleading information
      • 274. Accounts and records
      • 275. False assertion of connection with financial sector regulator
      • 276. Liability in relation to juristic persons
    • Part 4 : General matters
      • 277. Complaints
      • 278. Compensation for contraventions of financial sector laws
      • 279. Extension of period for compliance
      • 280. Conditions of licences
      • 281. Exemptions
      • 282. Requirements for notification and concurrence
      • 283. Arrangements for engagements with stakeholders
      • 284. Records and entries in books of account admissible in evidence
      • 285. Immunities
      • 286. Notices to licensees
      • 287. Publication requirements in financial sector laws
    • Part 5 : Regulations and guidelines
      • 288. Regulations and guidelines
    • Part 6 : Amendments, repeals, transitional and saving provisions
      • 289. Interpretation
      • 290. Amendments and repeals
      • 291. Transitional provision in relation to medical schemes
      • 292. Transitional prudential powers of Financial Sector Conduct Authority
      • 293. Transfer of assets and liabilities of Financial Services Board
      • 294. Transfer of staff of Financial Services Board
      • 295. Annual reports
      • 296. Inspections and investigations
      • 297. Co-operation agreements with foreign agencies
      • 298. Enforcement Committee and Appeal Board
      • 299. Right of appeal of Financial Services Board decisions
      • 300. Pending proceedings
      • 301. Savings of approvals, consents, registrations and other acts
      • 302. Levy
      • 303. Chief Actuary
      • 304. Additional transitional arrangements
    • Part 7 : Short title and commencement
      • 305. Short title and commencement
  • Schedules
    • Schedule 1 : Financial sector laws
    • Schedule 2 : Responsible authorities
    • Schedule 3 : Documents to be published in register
    • Schedule 4 : Amendments and repeals
      • Insolvency Act, 1936
      • Pension Funds Act, 1956
      • Friendly Societies Act, 1956
      • South African Reserve Bank Act, 1989
      • Banks Act, 1990
      • Financial Services Board Act, 1990
      • Financial Supervision of the Road Accident Funds Act, 1993
      • Mutual Banks Act, 1994
      • Policy Board for Financial Services and Regulation Act, 1993
      • Long-term Insurance Act, 1998
      • Short-term Insurance Act, 1998
      • Inspection of Financial Institutions Act, 1998
      • Financial Institutions (Protection of Funds) Act, 2001
      • Financial Intelligence Centre Act, 2001
      • Financial Advisory and Intermediary Services Act, 2002
      • Collective Investment Schemes Control Act, 2002
      • Financial Services Ombud Schemes Act, 2004
      • National Credit Act, 2005
      • Co-operative Banks Act, 2007
      • Financial Markets Act, 2012
      • Credit Rating Services Act, 2012
    • Schedule 5 : Deposit Insurance Premium
• Regulations
  • Financial Sector Regulations, 2018
    • Notice No. R. 405 of 2018
    • 1. Definitions
    • Part 1 : Transitional Measures
      • 2. Exercise of functions
      • 3. Management of transitional process to establish Financial Sector Conduct Authority
      • 4. Management of transitional process to establish Financial Services Tribunal
      • 4A. Accounting authority for statutory ombuds
      • 4B. Recovery of costs by Council for Medical Schemes
      • 5. Publication
      • 6. Application of sections
    • Part 2 : Appointment of Commissioner and Deputy Commissioners of Financial Sector Conduct Authority
      • 7. Advertising vacancy
      • 8. Applications for Commissioner and Deputy Commissioner
      • 9. Shortlisting Panel
      • 10. Appointment by Minister
      • 11. Appointment criteria
      • 12. Commencement and short title
  • Deposit Insurance Regulations, 2024
    • Notice No. 4532 of 2024
    • Chapter I: Definitions and Purpose
      • 1. Definitions
      • 2. Purpose
    • Chapter II: Coverage
      • 3. Limit of cover for covered deposits
      • 4. Coverage rules
      • 5. Review of limit and scope of coverage
    • Chapter III: Application of Fund when reimbursing covered deposits in accordance with Section 166AA(1)(b) of Act
      • 6. Reimbursement of covered deposits
      • 7. Reimbursement methods
      • 8. Reimbursement of formal beneficiary account
      • 9. Reimbursement of informal beneficiary account
      • 10. Right of Corporation to defer reimbursement of covered deposits
      • 11. Currency of reimbursement
      • 12. Statements to qualify depositors
      • 13. Unpaid covered deposits
      • 14. Disputes against Corporation
      • 15. Selection of payout agent bank
      • 16. Exchange of information
    • Chapter IV: Application of fund in accordance with Section 166AA(1)(c) of Act
      • 17. Conditions for use
      • 18. Determination of total covered deposits for non-payment resolution support
    • Chapter V: Governance and Oversight Requirements
      • 19. Declaration when bank has no qualifying depositors
      • 20. Monthly declarations
      • 21. Changes to key systems used for reporting to Corporation
      • 22. Internal audit requirements
    • Chapter VI: Public Awareness
      • 23. Depositor protection information
      • 24. Corporation's provision of depositor protection information to banks
      • 25. Type and contents of depositor protection information that must be provided by banks
      • 26. Depositor awareness of mergers and amalgamations or transfer or sale of deposit books
    • Chapter VII: Reporting
      • 27. SCV reporting requirements
      • 28. Submission to Corporation
      • 29. Ad hoc submissions
      • 30. Submission by bank in resolution
      • 31. Details of beneficiary of formal beneficiary account of bank in resolution
      • 32. Validation or verification of SCV calculations
      • 33. Adjustments to financial contribution and fund liquidity contribution
      • 34. SCV reporting of depositor information to Corporation
      • 35. Reporting of formal beneficiary account when SCV reporting is not possible
      • 36. Use of total recovered deposits
      • 37. General reporting requirements
    • Chapter VIII: Miscellaneous
      • 38. Failure or inability to comply
      • 39. Reporting and submitting information to Corporation
      • 40. Short title and commencement
    • Declaration A1: Chief executive officer and chief financial officer confirmation of no qualyfing depositors
    • Compliance declaration A2: Chief executive officer and chief financial officer declaration for the total qualifying deposits and total covered deposits to the Corporation
    • Compliance declaration A3: Chief executive officer and chief financial officer declaration of non-compliance in the total qualifying deposits and total covered deposits to the Corporation
• Notices
  • Commencement of Financial Sector Regulation Act, 2017
    • Notice No. 169 of 2018
  • Financial Sector Regulations, 2018: Disestablishment of Transitional Management Committee of Financial Sector Conduct Authority in terms of Regulation 3(1)
    • Notice No. 742 of 2021
• Rules
  • Rules made by Ombud Council for Ombud for Financial Services Providers
    • Notice No. 5011 of 2024
• Determinations
  • Determinations in terms of Sections 291 and 292 of the Act
    • Notice No. 1094 of 2020