Attorneys Act, 1979 (Act No. 53 of 1979)

Rules for the Attorneys' Profession

Part V : Accounting Rules

Investment Practice Rules

Restrictions applicable to certain investments
Purchase cart Previous page Return to chapter overview Next page

 

36.11A firm may not invest on behalf of a client:
36.11.1in shares or debentures in any company which is not listed on a licensed securities exchange in the Republic, unless it is a subsidiary of a listed company; or
36.11.2in loans in respect of which, in the firm's reasonable opinion at the time of making the investment, there is no adequate security, unless the client's specific written authorisation for each such investment has first been obtained.