FSRA Mandate

The Authority’s mandate is to

• Administer all financial services laws in Eswatini
• License, regulate, monitor and supervise the conduct of the business of financial services providers
• Carry out investigations and take measures to suppress illegal, dishonest and improper practices in the financial services sector
• Make rules, issue guidelines for the conduct of business of financial services providers
• Carry out research and disseminate information in the field of financial services
• Promote public understanding of the financial system – including awareness of the benefits and risks associated with the different kinds of investments
• Take measures for the better protection of stakeholders
• Collect, compile, publish and disseminate statistics in respect of financial services providers
• Share both public and non-public information with domestic and foreign counterparts
• Advise the Minister on any matter relating to the financial services sector
• Exercise and perform such other powers, authorities and duties as may be conferred or imposed upon it by or under the Act or any other Act, and
• Do all such other acts as may be incidental or conducive to the attainment of the objects of the Authority

The Objectives

• The principal objects of the Authority is to foster through the regulation and prudential supervision of financial services providers
• The stability of the Eswatini financial system
• The safety and soundness of financial services providers
• The highest standards of conduct of business by financial services providers
• The promotion of fair competition between different financial service providers for the benefit of stakeholders
• The fairness, efficiency and orderliness of the Eswatini non-bank financial sector, and
• The protection of stakeholders