The Twin Peaks reforms answer the following question: “How can we do better in what we are already doing very well?” The Financial Sector Regulation Bill provides for a broad mandate and scope for the FSCA to ensure improved market conduct outcomes in the South African financial sector. This mandate includes powers to issue conduct standards for product design, marketing, distribution, and disclosure.
Companies like the resources giants Anglo American and Billiton, the financial services companies Investec and Old Mutual, the brewer SABMiller and Sappi, the pulp and paper company now have global reach and are making their presence felt beyond their home market. 5.