About the FSCA
The Financial Sector Conduct Authority, or FSCA, is South Africa's market conduct regulator for financial services. The Financial Sector Regulation Act of 2017 created it as the successor to the Financial Services Board. Its main task is to make sure that financial firms treat their customers fairly.
The FSCA also works to improve the efficiency and integrity of financial markets. It helps to maintain financial stability and promotes financial education, so its work reaches ordinary people who use banks, insurers, investment products and retirement funds.
A regulator like this depends on specialist skills. It needs economists and finance graduates who understand markets, lawyers who can interpret and enforce rules, and data specialists who can spot patterns. It also needs actuaries, who measure financial risk in areas such as insurance and pensions. These needs explain the fields in its student funding.
How the FSCA supports students
The FSCA has run two separate undergraduate bursaries. The first is for students living with a disability who study Business Management, Data Science, Economics, Finance or Law. Besides fees and living costs, it can pay for supportive learning devices such as a wheelchair, a computer or screen software.
The second is a study bursary for Actuarial Science. It targets Matric learners with an A symbol for Mathematics who come from previously disadvantaged backgrounds and need financial help. It includes a once-off laptop, internet costs and a monthly allowance.
Both bursaries also link study to work experience. For example, actuarial bursars spend at least four weeks each year at the FSCA during vacation breaks. You can read the terms on our pages for the FSCA Bursary for Students with Disabilities and the FSCA Study Bursary.
What to know before applying
First, look for a new call. The latest calls we could trace closed on 31 August 2025, for the 2026 academic year. We found no 2027 call, and the terms we read came from third-party copies of the adverts. A new round may therefore differ.
Second, plan for work-back. Under the 2026 terms, graduates signed a contract to work for the FSCA for as long as they received funding. Think about whether you want to start your career at a regulator, and read the contract closely.
Third, prepare your income documents. Both calls asked for proof of household income, and the disability bursary also asked for a doctor's letter. These take time to collect. You can check for new calls on the FSCA website, and you should never pay anyone for help with an application.
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