On 30 June 2023, the Financial Sector Transformation Council (FSTC) has released Notice 01 of 2023 in relation to Group Reporting.
The FSTC have, due to legal challenges, reconsidered the previous decision to withdraw the group reporting exemptions provision and the Group Reporting Guidance Note GN000(a), and at a special sitting of the Council held on 13 June 2023, resolved to reinstate the group reporting exemptions provision as provided for in the Financial Sector Code (FS Code) and the Group Reporting Guidance Note GN000(a).
In this regard, measured entities are hereby invited to submit applications for group reporting for consideration by the FSTC as provided for in the FS Code, FS000 paragraph 8.4.
B-BBEE Verification Services are available to assist Financial Service Sector Members with their Reporting requirements.
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