FSCA launches consultation on the OMNI-Risk Return
On 30 September 2025, the Financial Sector Conduct Authority (FSCA) published Communication 19 of 2025, opening formal consultation on the new OMNI-Risk Return, a streamlined, cross-sectoral reporting framework that will transform how the FSCA supervises financial institutions.
Why the OMNI-Risk Return matters
The OMNI-Risk Return will replace fragmented, duplicative reporting with a harmonised and automated risk model. Using the FSCA’s new Integrated Regulatory Solution (IRS), the OMNI-Risk Return will feed into a single, consolidated risk profile for each financial institution. This ensures more consistent, comparable, and forward-looking supervision across the sector.
For institutions, the benefits are, reduced duplication, clearer reporting obligations, and a supervisory model that recognises differences in size, complexity, and operating models. For the FSCA, it means earlier risk detection, better resource allocation, and more effective regulatory responses.
Consultation and engagement
To support industry readiness, the FSCA has released:
Annexure A: Draft OMNI-Risk Return template (Excel format for consultation).
Annexure B: Explanatory Guide detailing the structure, purpose, and data requirements.
Stakeholder engagement activities include:
An explanatory webinar (available via FSCA’s YouTube channel).
Three virtual industry workshops in November 2025 (covering all 12 sections of the Return).
Workshops:
Workshop 1: Monday, 3 November 2025 (10:00 – 12:00) Sections 1 – 4 of the OMNI-Risk Return.
Workshop 2: Tuesday, 4 November 2025 (15:00 – 17:00) Sections 5 – 8 of the OMNI-Risk Return.
Workshop 3: Monday, 10 November 2025 (10:00 – 12:00) Sections 9 – 12 of the OMNI-Risk Return.
Recordings of the sessions will be made available on FSCA platforms for those unable to attend live.
Opportunities for targeted engagements upon request.
To ensure ongoing access to all relevant material and further updates relating to the OMNI-Risk Return, including recordings of webinars and workshops, a dedicated OMNI-Risk Return link has been created on the FSCA website, which may be accessed by clicking here.
Timeline and important dates
1 October 2025: Consultation opens.
3 - 10 November 2025: Virtual workshops.
30 November 2025: Deadline for written comments via the FSCA’s customised Microsoft Forms template.
This consultation period marks a significant step towards the September 2026 industry pilot, where the OMNI-Risk Return will be fully integrated into the IRS.
Looking ahead
The OMNI-Risk Return is more than just a reporting exercise, it is the backbone of a smarter, technology-driven regulatory model. Financial institutions are encouraged to participate fully in the consultation to help shape a framework that balances supervisory efficiency with practical implementation.
