FSCA (South Africa)

Also called: Financial Sector Conduct Authority

Financial Sector Conduct Authority — South Africa's market-conduct regulator for retail FX.

The FSCA replaced the FSB in 2018 and supervises FX brokers, asset managers, and other non-banking financial services in South Africa. Regulated brokers must segregate client funds.

Considered Tier-2 in global rankings — strong domestically, lighter than FCA/ASIC.