The parliamentary process on the Financial Sector Regulation Bill (FSR Bill) has been completed. The National Assembly passed the FSR Bill on 23 June 2017, and it has been sent to the president for his signature.
The FSR Bill aims to achieve a stable financial system that works in the interests of financial customers and supports balanced and sustainable economic growth in South Africa. The FSR Bill aims to achieve this by establishing, in conjunction with the specific financial sector laws, a regulatory and supervisory framework to promote, inter alia, financial stability, the safety and soundness of financial institutions, the fair treatment and protection of financial customers, the efficiency and integrity of the financial system and the prevention of financial crime.
Once the FSR Bill is signed by the president it becomes law and is assigned an official number
Click here to access the passed version of the FSR Bill