Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
Financial Services Charter
Code Series FS000: Framework for Measuring Broad-Based Black Economic Empowerment
Statement 000: General Principles and the Scorecard
5. Eligibility as a Qualifying Small Financial Institution
|5.1||A Financial Institution with designated investments of less than R50 million and with an annual total revenue of between R5 million and R35 million qualifies as a Qualifying Small Financial Institution.|
|5.2||A QSFI must select any five of the eight Elements of B-BBEE for the purposes of measurement under the QSFI Scorecard contained in Code series 900. Where a QSFI does not make a selection, its five best element scores will be used for the purposes of measurement.|
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