Attorneys Act, 1979 (Act No. 53 of 1979)Rules for the Attorneys' ProfessionPart V : Accounting RulesInvestment of funds by members on behalf of persons, otherwise than in terms of Rule 36 |
| 37.1 | A member shall not invest any funds on behalf of any person otherwise than in accordance with the written instructions of that person, detailing the manner and form of the investment. |
| 37.2 | The written instructions referred to in rule 37.1: |
| 37.2.1 | shall be obtained by the member concerned before the investment is made, save that, in cases of urgency, he or she may obtain them as soon as possible thereafter and shall forthwith upon making the investment request the person concerned in writing to furnish him or her with such instructions, detailing in that request the manner and form of the investment; |
| 37.2.2 | may be incorporated in a written contract to which the person giving the instructions is a party. |
| 37.3 | If the member does not receive the written instructions to be obtained by him or her in terms of rule 37.2 within one month after his or her written request he or she shall forthwith notify the secretary in writing and at the same time furnish him or her with copies of all relevant letters of request and responses, if any. |