The FSCA co-operates and collaborates with international and domestic regulatory authorities to facilitate the achievement of its objectives and the performance of its functions. The co-operation and collaboration are enabled through 98 bi-lateral and multi-lateral Memoranda of Understandings (MoUs). In terms of the MoUs, the FSCA share information with both domestic and foreign regulatory authorities to facilitate supervisory and enforcement cooperation and provide assistance as and when required.
The Financial Sector Regulation Act (FSR Act) imposes specific requirements on the FSCA relating to the collaboration and co-ordination that must take place between the FSCA, Prudential Authority, South African Reserve Bank, National Credit Regulator, and Financial Intelligence Centre. The FSCA, pursuant to the FSR Act, entered into the following MoUs with the aforementioned entities in order to facilitate a collaborative and coordinated approach in performing their respective functions.
The FSCA proactively advances its interests in a number of international organisations and is a member, inter alia, of the following organisations:
- International Organisation of Pension Supervisors (IOPS)
- International Organisation of Securities Commissions (IOSCO)
- International Association of Insurance Supervisors (IAIS)
- Financial Action Task Force (FATF) through the Financial Intelligence Centre (FIC)
- International Financial Consumer Protection Organisation (FinCoNet)
- Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA)
Regulatory Authorities may submit their requests for information or assistance to RegL@fsca.co.za. The FSCA will review all requests to determine if the requested information may be shared or assistance may be granted.
