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THE

BEECHAMBER

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NEWS

REPORTING NOTICE 01 OF 2024



The Financial Sector Transformation Council (FSTC) has recently issued a Formal Notice calling for the submission of B-BBEE Reports for the measurement period from 01 December 2022 to 30 November 2023. This requirement aligns with the stipulations set forth in Section 10 (4) of the B-BBEE Act 53 of 2003, as well as Statement FS 000, Paragraph 8.5 of the Financial Sector Code (FS Code) which mandates each financial institution engaged in business activities within the South African financial sector to provide an annual report to the FSTC, outlining their progress in implementing the provisions of the FS Code.

 

Reporting Notice 01 of 2024 contains details of how Entities need to report.

 

Technical Services are available to guide Members in the Financial Services Sector on reporting requirements.

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