South African financial market participants need to prepare for the changing supervisory approach that is likely to accompany the new market conduct regime.
As South Africa moves towards a twin-peaks model of regulation we will see the emergence of two regulatory authorities, the Prudential Authority (“PA”) and the Market Conduct Authority (the Financial Sector Conduct Authority (“FSCA”)).
Post the issuance of a Government Gazette, issued late August, indicating that the FSR Bill will be tabled in parliament, Mark Danckwerts explores with Michael Avery where we are on the Market Conduct journey on ClassicFM.
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