CALL FOR SUBMISSION OF THE ANNUAL BLACK BUSINESS GROWTH FUND (BBGF) REPORTS IN COMPLIANCE WITH SECTION 10(4) OF THE B-BBEE ACT AND IN RELATION TO FS100 OWNERSHIP AND FS600 EMPOWERMENT FINANCING OF THE FS CODE FOR THE PERIOD BETWEEN 1 DECEMBER 2020 TO 30 NOVEMBER 2021
The FSTC is inviting all the Retirement Fund operating within the financial services sector to join in a webinar session focusing on the FSTC reporting framework, processes and queries relating to the Umbrella Funds.
The FSTC is pleased to extend an invite to all specialised entities to participate in a customised webinar that will focus on the FSTC reporting framework, processes as well as queries pertaining to these entities.
The FSTC is inviting all the Generic (Large) Entities to participate in a webinar that will outline the FSTC reporting framework, B- BBEE reporting processes as well as queries relating to the Generic Entities.
The FSTC is inviting all the Exempted Mirco Enterprises (EMEs) & Qualifying Small Financial Institutions (QSFIs) to participate in a webinar that will outline the FSTC reporting framework, and processes applicable to EMEs and QSFIs as well as queries specific to these entities.
CALL FOR SUBMISSION OF THE ANNUAL VERIFIED B-BBEE COMPLIANCE REPORTS IN RELATION TO SECTION 10 (4) OF THE B-BBEE ACT OF 2003 FOR THE MEASUREMENT PERIOD ENDING BETWEEN 1 DECEMBER 2020 AND 30 NOVEMBER 2021.
In preparation for the 2020/2021 State of Transformation Annual Report, the FSTC is pleased to invite all the reporting entities operating within the financial services sector to join the B-BBEE Reporting webinar that will focus on the requirements pertaining to the reporting provisions as stipulated in FS Code as well as the Reporting Framework.
The FSTC has published its winter edition newsletter highlighting the initiatives considered by the financial services sector towards the transformation and empowerment imperatives.
COMPLIANCE WITH THE PROVISIONS OF THE AMENDED FINANCIAL SECTOR CODES (FS CODE): The FSTC hereby requests all SANAS accredited verification agencies (VA) that are authorised to verify the provisions of the Amended FS Code to comply with Statement FS000, Clause 8.5 which stipulates that “...all affected entities not submitting the most recently required report to the Council, will automatically be discounted by one level down in the next rating that follows the non-submission” when verifying the B-BBEE status of the measured entity.