All RE5 questions
Regulatory Framework Twin Peaks Regulatory Bodies
South Africa's 'Twin Peaks' model of financial regulation refers to which two primary regulators?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) The South African Reserve Bank and the National Treasury.
- b) The Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA).Correct
- c) The FSCA and the FAIS Ombud.
- d) The FSCA and the Financial Intelligence Centre (FIC).
Why this is the answer
The 'Twin Peaks' model, introduced by the FSR Act, created two main regulators: The Prudential Authority (PA) (Peak 1, for prudential soundness) and the Financial Sector Conduct Authority (FSCA) (Peak 2, for market conduct).
Want to test yourself on 700+ more questions like this?
Start your free RE5 simulator today — timed mock exams, full answer explanations and cloud-synced progress tracking.