Thoko Didiza
New legislation designed to overhaul how financial institutions are regulated in South Africa will soon be tabled to lawmakers, following months of procedural delays.
In development since 2018, the new law aims to establish a single, comprehensive regulatory framework for market conduct across the financial sector, replacing a fragmented set of legacy regulations. After approval by the cabinet early this year, the Conduct of Financial Institutions Bill has now been certified by state law advisers and parliamentary officials are preparing to table it in the house.