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Financial Institutions (Protection of Funds) Act, 2001 (Act No. 28 of 2001)

Board Notices

Guidelines on the Conduct of Curators

13. Joint curatorship

 

(1) Where more than one curator has been appointed—
(a) the curators may decide on a work division between them and in such case must inform the registrar of the work division;
(b) the curators must hold regular and at least quarterly meetings which must be properly minuted, in which all material aspects of the curatorship are discussed;
(c) all formal reports, statements of account or other formal communication with the registrar must be signed by all the curators, except where a curator is temporarily unavailable and this requirement will unduly delay the progress of the curatorship.

 

(2) Despite subparagraph (1)(a), curators are jointly responsible for the curatorship.