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

Rules for the Attorneys' Profession

Schedules

Fifth Schedule : Client Investment Mandate
Purchase cart Previous page Return to chapter overview

 

FIFTH  SCHEDULE

 

 

CLIENT INVESTMENT MANDATE

 

I/We,  _________________________________________________________ the undersigned

(the client) of _________________________________________________________

do hereby authorise and empower _________________________________________________ (firm's name)  _______________________________________________________________ to make the following investments as my/our agent and  on my/our behalf:

 

1.

TYPE OF INVESTMENTS

YES / NO

1.1

With a bank (subject to the conditions as set out at the bottom of this mandate); and/or

1.2

Stocks and shares on JSE; and/or

1.3

Money lending; and/or

1.4

Other (give details under 5 or on an annexure, if necessary)

2.

TYPE OF MANDATE GIVEN

YES/NO

2.1

Discretionary

2.2

Non-discretionary

3.

IS FIRM TO KEEP ALL SECURITIES/CERTIFICATES

YES / NO

4.

REPORTING      Monthly / quarterly / 6-Monthly / Annually

5.

GENERAL

 

Instructions re securities, interest payments, charges etc.                                                      

 

6.         ACKNOWLEDGEMENTS BY INVESTOR

 

The investor acknowledges:

6.1that the firm acts as the investor's agent in relation to any investments made in terms of this mandate;
6.2 that the investor assumes (except in so far as there may in law be a right of recovery against the firm) all risks connected with the administration by the firm of money entrusted to the firm, as well as the responsibility to ensure that the firm executes the instructions as recorded in this mandate;
6.3that any funds invested with a bank are not protected against the possible liquidation or other failures of the bank;
6.4that money or other assets paid to the firm for investment pursuant to this mandate do not enjoy the protection of the Attorneys Fidelity Fund.

 

 

Signed at _____________________ on this ___________ day of __________________________

 

 

____________________

Signature of client

 

 

Accepted at ___________________________ on this __________ day of ___________________

 

 

                                             

Signature of the firm

 

 

To be completed and signed in duplicate and a copy to be handed to the client.

 

Conditions applicable to investments with a Bank