FSCA Publishes Regulatory Actions Report for 2025/2026 Financial Year

Posted 27 August 2026 Written by Acts Online
Category Financial Services

Brought to you by SA Accounting Academy: The Financial Sector Conduct Authority (FSCA) has released its fourth Regulatory Actions Report, detailing enforcement interventions and supervisory focus areas for the period 1 April 2025 to 31 March 2026.

Under the regulatory framework of the Financial Sector Regulation Act, No. 9 of 2017 (FSRA), the Financial Advisory and Intermediary Services Act, No. 37 of 2002 (FAIS Act), and the Financial Intelligence Centre Act, No. 38 of 2001 (FIC Act), the FSCA imposed administrative penalties totalling R2.8 billion across 76 individuals and entities. This marks a sharp increase from the R119.8 million in penalties imposed during the previous reporting period.

The authority noted that the substantial rise in monetary sanctions was driven primarily by severe FAIS Act contraventions, market abuse offences, and material anti-money laundering compliance failures.

Key Enforcement Interventions and Risk Trends

  • Online Financial Harm: Escalated enforcement against digitally enabled misconduct, including deepfake advertising, impersonation fraud, and unauthorised foreign exchange (forex) trading schemes.
  • Major Sanctions: Significant administrative penalties, including enforcement action against Banxso relating to misleading advertising and client fund misappropriation, which resulted in penalties exceeding R2 billion and debarments of key persons.
  • Market Integrity and AML: Intensified scrutiny of financial services providers (FSPs) failing to maintain statutory compliance systems under the FIC Act and FAIS subordinate legislation.

Click here to download the FSCA Regulatory Actions Report (2025/2026).

What this means for you, your business, or your clients

  • For yourself: Key individuals and compliance officers face direct exposure to statutory debarment and individual administrative penalties under section 153 of the FSRA for operational non-compliance or failure to prevent unlawful intermediary conduct.
  • For your business: Regulated entities must audit digital marketing channels, lead-generation partners, and AML/CFT verification workflows to ensure strict adherence to FAIS licensing scopes and FIC Act directives.
  • For your clients: Advise corporate and individual clients to verify the licensing credentials of trading platforms and intermediary service providers against the FSCA register before committing investment capital.

Originally published at https://accountingacademy.co.za/news/read/fsca-regulatory-actions-report-for-2026

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