GN000(a)
Detail for GN000(a)
- Introduction
Following the gazetting of the Amended Financial Sector Code
(Amended FSC) on 1 December 2017, Statement 000 requires that all
entities measured under the Amended FSC comply with the following
clauses when reporting:
“8.4 Each financial institution, irrespective of the fact that it is a member of a
group, must be measured and reported on its own; and
8.5 A financial institution that is a member of a group may be measured and
reported on as part of the South African group provided that such group
reporting is approved in advance by the Financial Sector Council."