South African Institute for Drug Free Sport Act, 1997
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersFinancial Services CharterCode Series FS100: Measurement of the Ownership Element of Broad-Based Black Economic EmpowermentStatement 100: The General Principles for Measuring Ownership9. Equity Instruments carrying preferential rights |
| 9.1 | An Equity Instrument carrying preferential rights is measurable in the same manner as an ordinary Equity Instrument. |
| 9.2 | An Equity Instrument carrying preferential rights that has the characteristics of a debt, regardless of whether the debt is that of an enterprise or of a participant, is an ordinary loan. If the debt is that of a black participant, it may be subject to measurement under Current Equity Interest. |
| 9.3 | In evaluating an instrument that has a hybrid nature including the characteristics of a debt, only that portion that represents a debt, will be measured under current equity interest. The remainder is measurable as an ordinary equity instrument. |
