The Financial Services Charter (FSC) has been approved to be gazetted as a Financial Services Sector broad-based BEE code.
"After years of not achieving consensus on what the Financial Services Charter should look like, it is significant that the FSC, at this point in time, has been able to converge," says Dr. Robin Woolley, executive director of Transcend Corporate Advisors. "There is now clarity on the way forward for FSC companies, which is welcome at a time of legislating flux in black economic empowerment."
Transcend Corporate Advisors is running workshops to help businesses understand the impact of these changes on the BBBEE scorecard. The public sessions on the gazetted BBBEE FSC code will be held January 2013, with 16 and 23 January 2013 provisionally booked for the full day workshops in Johannesburg. Cape Town and Durban workshops will follow thereafter.
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