Unpacking the strategic partnership between the FSCA and B-BBEE Commission
A failure to comply with specific BEE thresholds outlined in transformation plans could lead to the Authority withholding licences.
The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.
Read moreA failure to comply with specific BEE thresholds outlined in transformation plans could lead to the Authority withholding licences.
The entities will co-operate to improve the level of submission of compliance reports.