FSCA COVID-19 PRECAUTIONARY MEASURES

The Financial Sector Conduct Authority (FSCA) issued a Press Release which states that the FSCA will be making an effort to protect their staff, the financial sector and aid Government efforts by using precautionary measures to contain the COVID-19 pandemic.

What precautionary measures will the FSCA take to limit the sprad of COVID-19?

• The FSCA will suspend all in-person engagements with external stakeholders. (This includes walk-in clients at the Pretoria office, which is also suspended.)

• The FSCA will be making use of remote working, this includes the use of technology to accommodate meetings.

• The FSCA postponed all events such as roadshows, workshops and seminars.

• The FSCA will deal with Licensing and Business Centre activities enquiries using e-mail or telephone communication.

• The FSCA cancelled all on-site inspections and will communicate new dates to the financial institutions affected.

• The FSCA cancelled all on-site inspections and will communicate new dates to the financial institutions affected.

What FSCA activities will remain unchanged?

• Desk top supervision is to continue as normal

• Electronic communication with the FSCA will continue as normal

For more information on this topic:

• Please visit: www.fsca.co.za

• Please follow this link to view this press realease directly from the FSCA: FSCA takes precautionary measures to limit spread of Covid-19