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ARTICLE · 14 OCTOBER 2025

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FSCA Unveils OMNI-Risk Return: A New Era For Risk

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The Financial Sector Conduct Authority ("FSCA") published the draft OMNI-Risk Return and an Explanatory Guide on 30 September 2025, kicking off a two-month consultation period until 30 November 2025.

South AfricaFinance and Banking
Angela Itzikowitz
Angela Itzikowitz
Era Gunning
Era Gunning
Amelia Warren
Amelia Warren
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Supervision in South Africa

The Financial Sector Conduct Authority ("FSCA") published the draft OMNI-Risk Return and an Explanatory Guide on 30 September 2025, kicking off a two-month consultation period until 30 November 2025. The OMNI-Risk Return is set to become the foundational data source for the FSCA's new automated, harmonised supervisory risk model, which will be embedded within its Integrated Regulatory Solution ("IRS") supervisory technology ("SupTech") platform.

This development is significant for the financial sector and replaces fragmented, licence-by-licence assessments with a single, comparable risk profile for each financial institution. By introducing standardised indicators and automation, the FSCA aims to reduce inconsistency, manual effort and delays in supervision. The streamlined and harmonised data collection process is designed to minimise duplication and clarify reporting obligations, ultimately lowering the reporting burden for

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