Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
Means any investments made by or through any third party regulated by legislation on behalf of the actual owner of the funds, pursuant to a mandate given by the owner to a third party, which mandate is governed by that legislation. Some examples of domestic mandated investments and the portions of those investments subject to the exclusion principle are contained in Annexe 100A attached to statement 100;
BizAdvance Consulting comments and references:
Relates to the Ownership element of the scorecard.
Refer to Statement 100, 3.7 page 20 and examples clause 4, Annexe 100A page 29.
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