One such vision could be conferring SRO status to FIMMDA. 55. Changing nature of financial markets necessitate that organisations that are not from traditional regulatory structure participate in bringing orderliness in activities. Selfregulation is an important part of the regulatory structure of securities markets. Selfregulation and Self-Regulatory Organizations (SROs) are considered important in improving the effectiveness of securities regulation and market integrity.
Their primary responsibilities  Page 7 of 9  include the facilitation of the development and review of policy positions for the SARB across its regulatory domains. This will be undertaken through an analysis of both the pros and the cons of emerging FinTech innovations, as well as through the testing of appropriate regulatory responses to these developments.