Detail for GN500(B)

  1. Introduction
    1. The impact of the COVID-19 pandemic in South Africa necessitated a response by Government that has had significant and widespread effects and implications not only for business but also for the public in general. Measures around social distancing and prohibition of gatherings of more than 50 people aimed at protecting the public from, and minimising exposure to the COVID-19 virus, have an impact on the implementation of the Financial Sector Codes (FSC).
    1. The purpose of this document is to detail temporary amendments to the standards required for Consumer Education programmes, to allow for measured entities to comply with Government regulations and directives and still meet the requirements under the FSC for recognition. These amendments must be read together with GN500.
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