Government Notice No. 787 of 2021

Financial sector Regulation Act, 2017 (Act No. 9 of 2017) ( the FsRA ) » Publication of Draft Regulations in...

Title	Financial sector Regulation Act, 2017 (Act No. 9 of 2017) ( the FsRA ) » Publication of Draft Regulations in terms of sections 3 (3) and (5) and 288 of the Act
Department	National Treasury
Gazette	National Gazettes, No. 45071 of 31 August, 2021, 6 page(s), 183Kb

sTAATsKOERANT, 31 AuGusTus 2021                        No. 45071    3

GOVERNMENT NOTICE
                                                  NATIONAL TREASURY
                                                   NATIONAL TREASURY
                  No.                                                                                                 2021
          NO. 787                                                                               31 August 2021

PUBLICATION OF DRAFT REGULATIONS IN TERMS OF SECTIONS 3(3) AND (5)
                      AND 288 OF FINANCIAL SECTOR REGULATION ACT, 2017 FOR PUBLIC
                                                    COMMENT

The Minister of Finance gives notice as required in terms of section 288(4) of the Financial
                  Sector Regulation Act, 2017 (Act No. 9 of 2017) ( "the FSRA "), of the publication for public
                  comment of draft
                  Draft Regulations ( the draft Regulatio  ) that are proposed to be made in terms of sections
                  3(3) and (5) and 288  of the Financial  Sector  Regulation  Act,  2017  (Act  No.  9 of  2017)
                     SR ).

A copy of the draft Regulations and a comprehensive impact report on the FSRA are available
                  on the National Treasury website: www.treasury.gov.za and www.treasury.gov.za/twinpeaks.

The  draft Regulations propose
                  service in accordance with section 3(3) of the FSRA, and to specify that the Financial Sector
                  Conduct Authority (FSCA) is the responsible authority for the regulation, supervision  and
                  oversight of
                  3(5) of the FSRA. In terms of section 288(1)(b) of the FSRA, which empowers regulations to
                  provide for  procedural  and  administrative matters  that are necessary  to implement  the
                  provisions of this Act, some specific powers and duties are provided to the Financial Sector
                  Conduct Authority in relation to the provision of benchmarks to enable the effective regulation
                  and supervision by the FSCA

Written comments on  the draft amendment  to the Financial Sector  Regulations should
                  be submitted to commentdraftlegislation@treasury.gov.za by close of business on 13 October
                  2021.  Any  clarification  questions can be  emailed to Jeannine  Bednar-Giyose  at:
                  Jeannine.Bednar-Giyose@treasury.gov.za.

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Government Notice No. 787 of 2021

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