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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Financial Services  Charter

Code Series FS000: Framework for Measuring Broad-Based Black Economic Empowerment

Statement 000: General Principles and the Scorecard

13. Amendments and Duration of the Financial Sector Code


13.1 The Financial Sector Code shall be effective and legally binding from the commencement date until amended, substituted or repealed under the Act.  The commencement date shall be 1 January 2012.


13.2 The process for the amendment of the Financial Sector Code will follow the process set out in the Generic Codes for the development of Sector Codes. Any amendments to the Generic Codes may result in a review of the Financial Sector Code for purposes of harmonisation.