//Conduct of Financial Institutions Bill

Conduct of Financial Institutions Bill

Conduct of Financial Institutions Bill

2020-10-05T19:34:00+00:00 October 5th, 2020|

Please download a draft of the Conduct of Financial Institutions Bill for public consultation.

The bill is to provide a regulatory framework for the conduct of financial institutions that will-

  • protect financial customers, including by promoting the fair treatment and protection of financial customers by financial institutions;
  • support fair, transparent and efficient financial markets;
  • promote trust and confidence in the financial sector;
  • support innovation and the development of and investment in sustainable innovative technologies, processes and practices;
  • support sustainable competition in the provision of financial products and financial services;
  • promote financial inclusion;
  • promote transformation of the financial sector; and
  • assist the South African Reserve Bank in maintaining financial stability; and to provide for matters connected therewith.
Download the Bill