Lawack, VivienneVisagie-Swart, Lynette2021-05-262021-05-262020Lawack, V., & Visagie-Swart, L. (2020). An overview of the first draft of the conduct of financial institutions bill and the potential impact on the national payment system in South Africa. SA Mercantile Law Journal, 32(1), 129-1551996-2185https://hdl.handle.net/10520/ejc-jlc_samlj-v32-n1-a7http://hdl.handle.net/10566/6205Over the last decade National Treasury (‘Treasury’) has been rigorously acting on its commitment to promote a stable and safe financial sector for South Africa. The means by which Treasury elected to do so was the decision to move to a twin-peaks model of financial sector regulation in South Africa (‘the Twin Peaks’). Through the introduction of various carefully drafted legislative and regulatory instruments, South Africa, on 1 April 2018, welcomed the introduction of the Twin Peaks model of financial sector regulation through the commencement of the Financial Sector Regulation Act 9 of 2017 (‘FSR Act’). On this very same day, we saw the establishment of the two main Twin Peaks regulators: the Prudential Authority (‘PA’) and the Financial Sector Conduct Authority (‘FSCA’).enSouth AfricaThe conduct of financial institutions billNational payment systemTwin-peaks modelFinancial sectorArticle