Financial Sector Regulation Act, 2017

E914733

Act of Parliament of South Africa South African statute

The Financial Sector Regulation Act, 2017 is a key South African law that overhauled financial oversight by establishing a “twin peaks” regulatory framework to strengthen the stability and integrity of the country’s financial system.

Try in SPARQL Jump to: Statements Referenced by

Statements (48)

Predicate	Object
instanceOf	Act of Parliament of South Africa ⓘ South African statute ⓘ
aimsTo	align South African financial regulation with international standards ⓘ improve coordination among financial sector regulators ⓘ reduce systemic risk in the financial sector ⓘ
appliesTo	banks ⓘ financial market infrastructures ⓘ financial services providers ⓘ insurers ⓘ
assignedToInstitution	Financial Sector Conduct Authority NERFINISHED ⓘ Prudential Authority NERFINISHED ⓘ South African Reserve Bank NERFINISHED ⓘ
containsProvisionsOn	enforcement powers of financial regulators ⓘ financial sector ombud schemes ⓘ financial stability oversight by the South African Reserve Bank ⓘ information sharing between regulators ⓘ licensing of financial institutions ⓘ regulatory cooperation and coordination ⓘ supervision of financial institutions ⓘ
country	South Africa ⓘ
creates	Financial Sector Conduct Authority NERFINISHED ⓘ Prudential Authority NERFINISHED ⓘ
establishesFrameworkFor	twin peaks model of financial regulation in South Africa ⓘ
jurisdiction	Republic of South Africa NERFINISHED ⓘ
languageOfText	English ⓘ
legalSystem	South African law ⓘ
policyContext	post‑global financial crisis regulatory reforms ⓘ
purpose	to enhance the integrity of the South African financial system ⓘ to improve financial consumer protection ⓘ to promote financial stability ⓘ to promote the safety and soundness of financial institutions ⓘ to reform financial sector regulation in South Africa ⓘ to strengthen the stability of the South African financial system ⓘ to support the efficiency and integrity of financial markets ⓘ
reforms	South African financial regulatory architecture ⓘ
region	Southern Africa ⓘ
regulatoryModel	twin peaks ⓘ
regulatoryPeak	market conduct regulation peak ⓘ prudential regulation peak ⓘ
shortName	FSR Act NERFINISHED ⓘ
subjectMatter	cooperation and coordination between financial regulators ⓘ financial consumer protection ⓘ financial sector regulation ⓘ financial stability oversight ⓘ market conduct regulation ⓘ prudential regulation of financial institutions ⓘ regulation of financial products and services ⓘ
yearOfEnactment	2017 ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Prudential Authority of the South African Reserve Bank → legalBasis → Financial Sector Regulation Act, 2017 ⓘ