South Africa's FSCA Holds Off on AI Rules Pending FSB Review
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South Africa's Financial Sector Conduct Authority is holding off on new artificial intelligence rules for financial firms until it can assess the Financial Stability Board's global work on responsible AI adoption, with the FSB's final report scheduled for October 2026. The decision signals a wait-and-align approach rather than an immediate local rulebook, even as banks and payment providers in South Africa are already deploying AI in live operations.
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