Farzana Badat is Deputy Commissioner of the Financial Sector Conduct Authority (FSCA) in South Africa. The FSCA is the dedicated market conduct regulator for South Africa's financial system. She was appointed to this role by the Minister of Finance on 1 December 2021 and is part of the Executive Committee responsible for the overall policy direction, strategic oversight and operational management of the FSCA. She Chairs the FSCA's Strategic Management Committee and represents the FSCA on various international standard setting and collaboration forums. She is also responsible for overseeing the development and implementation of harmonised licensing and supervisory conduct risk frameworks for a range of financial institutions including financial conglomerates, banks and payment providers, investment providers and asset managers, life and nonlife insurers and insurance groups, micro- and access product providers, and financial advisors and intermediaries, as well as overseeing the FSCA's anti-money laundering (AML) and counter-terrorist financing (CTF) unit and the General Counsel's Office.
Farzana’s financial sector policy and supervisory experience spans multiple private and public institutions, locally and internationally in both developed and emerging markets.