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2017/18 Annual B-BBEE Reporting to the FSTC

Posted on April 23, 2019

2017/18 Annual B-BBEE Reporting to the FSTC

The FSCA this week sent a reminder to all FSPs regarding the 2017/18 Annual B-BBEE Reporting to the FSTC. Your FSP falls within one of three possible categories; please see the information below and follow the instructions as per your FSP Circumstances.

A FSP with a turnover of LESS than R10 million for 2018 Financial Year:
Please complete Sworn Affidavit 1.

A FSP with a turnover between R10 million and R50 million for 2018 Financial Year:
Please complete Sworn Affidavit 2.

PLEASE NOTE: This is a Sworn Affidavit, therefore the affidavit must be signed before a Commissioner of Oaths. If you do not have access to a Commissioner of Oath please take your affidavit to your nearest South African Police Station for attestation.

You must scan your signed affidavit and email it to info@fstc.org.za

A FSP with a turnover exceeding R50 Million for 2018 Financial Year:
Please email info@fstc.org.za for the template authorisation letter, which must be completed and submitted to them along with the following supporting documents:
* Details of your Verification Agent (VA) – e.g. SEESA
* Confirmation letter addressed to both the Financial Sector Transformation

Council and the Verification Agent (VA) specifying the following:
1. You are aware that the Verification Agent is required to submit the full and final verification report and any other additional information that may be required, to the Council
2. Authorise the Verification Agent to provide such information.

PLEASE NOTE: The template of the authorisation letter will be made available by the Financial Sector Transformation Council upon a request submitted to their email and is not available from this office.

Contact details of the Financial Sector Transformation Council:

The Financial Sector Charter Council Reg No 2006/006846/08
Unit 3-001
3rd Floor
23 Wellington Road
Parktown
2193

P.O. Box 62542
Marshalltown
2107

+27 (0)11 838 6966
info@fstc.org.za
www.fstc.org.za

Read the full bulletin here.