Dear Valued Client, We have seen much drama in the week after the effective date of the 2013 code of good practice, that we thought it prudent to clarify the clarification note further, and provide additional resources for you, based on information at our disposal as of today. From the Clarification Note: The Broad Based Schemes and Employee Share Ownership Schemes clarification has been withdrawn. The Minister will make a decision as to how to address the issues with these schemes once the task teams has tabled its recommendations. Current Schemes will not be affected, only future schemes – according…

Dear Valued clients, Please see attached communication from the DTI that provides some leeway and clarity on some issues that have been outstanding as we entered into the new phase of applying the 2013 Codes of Good Practice. Important points to note: If your financial year end is before 30 April 2015 and you have not yet completed your verification, you may continue to obtain a verification using the 2007 Codes requirements. However, if your financial year end is after 01 May 2015, you will be required to use the 2013 Codes requirements, unless the Sector Codes are applicable to…

Dear Valued Client, With the implementation date of the codes just around the corner, we know and understand your frustrations about lack of clarity in the codes, and in particular about the status of the sector codes. There are differing schools of thought in terms of what is likely to happen after the 1st of May in terms for those companies belonging to sectors that have a sector code in place. One opinion is that since the sector codes enjoy the same legal status as the 2007 codes, they should stand until amended. Another school of thought says that since…