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FSCA: Integrated Report 2024/2025
- 17 October 2025
- Financial Reporting
- South African Accounting Academy
Summary:
The Financial Sector Conduct Authority (FSCA) has published their Integrated Annual Report of the FSCA for the year ended 31 March 2025.
Article:
The report provides an overview of the FSCA’s performance during the period between1 April 2024 and 31 March 2025, detailing how the Authority creates and preserves value in the short, medium and long term. It also highlights the FSCA’s strategic priorities as outlined in the Authority’s three-year Regulation Plan; operational matters; regulatory interventions; governance and financial information.
During the year under review, the Authority strengthened its conduct of business and market integrity regulatory frameworks; embedded a more risk-based and data-driven supervisory approach and took firm action against misconduct — all aimed at bolstering confidence and trust in South Africa’s financial sector.
Some of the highlights of the FSCA’s 2024/25 report include the successful rollout of the two-component retirement system; granting licences to 779 financial service providers (FSPs) - 111 more than last year and of which 264 were for crypto asset service providers (CASPs); issuing 131 debarment orders; and concluding 633 investigations (compared to 418 in the previous period). Furthermore, the authority imposed R119m in penalties and fines.
Contents of the Integrated Report:
- About this Report
- About the FSCA
- How we Create Value
- How we Sustain Value
- Managing our Capitals (financial, social, human, intellectual and natural)
- Value Creating Governance
- Annual Financial Statements
- PFMA Compliance Report
- Annual Performance Report
- Administration (including acronyms)
Click here to download the 180-page newsletter:
https://www.fsca.co.za/Annual%20Reports/FSCA%20Integrated%20Report%202024-25.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- All the Acts regulated by the FSCA are pieces of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
- As an auditor, independent reviewer and accountant, you should be aware of the regulatory actions and outcomes of the FSCA.
- You also need to consider the latest publications by regulators, such as the FSCA, to keep abreast of changes and important information.
Relevance to Your clients:
- Entities that must comply with the relevant legislation that is enforced by the FSCA, should be aware of the regulatory actions and outcomes.
- Your clients also need to consider the latest publications by regulators, such as the FSCA, to keep abreast of changes and important information.