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The regulation of financial conglomerates 

Overview

In this briefing, Bowmans examines South Africa's Financial Sector Regulation Bill, 2015.

The latest draft of the Financial Sector Regulation Bill was published by the National Treasury (Treasury) on 21 October 2016. Among other things, the Bill seeks to more closely supervise "eligible financial institutions" that are part of "financial conglomerates". To that end, the purposes of the Bill include establishing a system of financial regulation by creating the Prudential Authority (as defined in the Bill); and the supervision of financial conglomerates in relation to eligible financial institutions that are part of financial conglomerates.

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