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FSCA

Tier-2

Financial Sector Conduct Authority

Country

South Africa

Established

2018

Regulation Level

Tier-2 (Regional)

Licensed Brokers

13 broker

The FSCA (Financial Sector Conduct Authority) is South Africa's market conduct regulator, replacing the former FSB in 2018. The FSCA is recognized as one of the most prominent Tier-2 regulators on the African continent. Given South Africa's status as an emerging market, the FSCA license stands out for both regional credibility and reasonable compliance standards. FSCA-licensed brokers must hold client funds in segregated accounts, offer transparent pricing, and prepare regular audit reports.

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