Financial Sector Conduct Authority
FSCA · South Africa · Established 2018
Financial Sector Conduct Authority (FSCA) is the financial regulator of South Africa, established 2018. It caps retail leverage at 1:50, requires negative balance protection and segregated client funds, and compensates clients up to ZAR 50,000 if a firm fails.
Official register
Check a firm's licence yourself
What this licence gets you
The rules a firm has to follow to keep this licence. A dash means we hold no answer on file, which is not the same as a no.
- Maximum leverage, retail
- 1:50
- Maximum leverage, professional
- 1:200
- Compensation if the firm fails
- ZAR 50,000
- Negative balance protection
- Required
- Client funds held separately
- Required
- Hedging
- Permitted
- FIFO order closing
- Not mandatory
- Supervision covers
- Financial Services, Markets, Conduct
- Body type
- Government
About FSCA
South Africa's conduct regulator for financial services. Modern twin peaks regulatory model with focus on market conduct.
- OTC derivatives regulation
- Conduct focus
- Growing market