Financial Services Board

The Financial Services Board (FSB) was a South African regulatory body established in 1990 to oversee the country's non-banking financial services industry. Its mission was to promote and maintain a sound financial investment environment by ensuring the financial services industry was fair, efficient, and transparent. On April 1, 2018, as part of the "Twin Peaks" regulatory reform in South Africa, the FSB was dissolved and its functions were split between two new authorities: the Financial Sector Conduct Authority (FSCA), which handles market conduct regulation, and the Prudential Authority (PA), which oversees the safety and soundness of financial institutions.