The Financial Services Boardfsbwas South Africaae S Regulatory Authority For The Non Banking Financial Services Industryestablished In 1990It Operated Independently To Oversee Financial Markets And Protect Investors Until It Was Succeeded By The Financial Sector Conduct Authorityfscathe Fsb S Core Functions Included Supervising Compliance With Financial Laws Across Various Sectorssuch As Capital Marketsinsurersand Retirement Fundsit Had Enforcement Powers To Impose Penalties And Operated A Complaints Service For Consumer Protectionthe Fsb Also Promoted Consumer Awareness Of Financial Products And Advised The Minister Of Finance On Sector Policies With The Transition To The Fscathe Fsb S Responsibilities Were Taken Over To Enhance Market Conduct Regulationfocusing On Fair Treatment Of Customers And Maintaining The Integrity Of Financial Markets
