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On July 7, 2026, the Financial Sector Conduct Authority (FSCA) published its 2026 Three-Year Regulation Plan, covering the period from April 1, 2026 to March 31, 2029. The plan establishes a strategic roadmap for developing South Africa's financial sector regulatory framework over the next three years, with emphasis on transparency, stakeholder engagement, and a managed transition to the Conduct of Financial Institutions (COFI) Bill. The FSCA's plan addresses regulatory reforms across multiple areas, including financial markets, governance, operational resilience, retirement funds, and payment services. The authority has also identified emerging priorities including artificial intelligence and sustainable finance as key focus areas for the regulatory period. The FSCA has committed to implementing regulatory reforms in a phased and proportionate manner, supported by extensive industry consultation to ensure that changes are practical, effective, and appropriate for the South African financial sector context. The FSCA emphasised that this approach prioritises stakeholder engagement throughout the implementation process. The South African Institute of Financial Markets (SAIFM) has encouraged its members and industry stakeholders to familiarise themselves with the plan's developments and to participate actively in consultation opportunities as they arise during the three-year period. The full 2026 Three-Year Regulation Plan and accompanying FSCA press release are available for review.

On July 7, 2026, the South African Financial Sector Conduct Authority (FSCA) published its 2026–2029 Three-Year Regulation Plan, setting out the regulator's strategic legislative and regulatory priorities through March 31, 2029. The plan provides an updated roadmap for regulatory reforms across South Africa's financial sector and outlines indicative timelines for consultations, rulemaking and implementation. The Regulation Plan confirms that implementation of the Conduct of Financial Institutions (COFI) Bill remains the FSCA's primary strategic priority. Alongside the COFI transition, the regulator will continue developing cross-sector regulatory frameworks covering governance, outsourcing, operational resilience, beneficial ownership, payment services, collective investment schemes, retirement funds, and financial market infrastructure. The plan also identifies several emerging regulatory priorities expected to inform future policy development, including: Artificial intelligence Open Finance Sustainable Finance Cloud computing Data management and data risk The transition from the Johannesburg Interbank Average Rate (JIBAR) to the South African Rand Overnight Index Average (ZARONIA). The FSCA states that it intends to minimise regulatory burden by sequencing reforms, limiting the introduction of new projects where possible and using phased implementation supported by stakeholder consultation. The Regulation Plan notes that project timelines remain indicative and may change depending on legislative progress and other external dependencies.

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South Africa's Financial Sector Conduct Authority Publishes Three-Year Regulation Plan

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South Africa's Financial Sector Conduct Authority Publishes Three-Year Regulation Plan