Diamonds Act, 1986
R 385
Property Practitioners Act, 2019 (Act No. 22 of 2019)RegulationsProperty Practitioners Regulations, 2022Chapter 5 : Fidelity Fund Certificates25. Obligation to hold a Fidelity Fund Certificate |
| 25.1 | Every business operation carrying on the activities of a property practitioner, including every business property practitioner and every sole proprietorship, shall hold a separate Fidelity Fund certificate from that of any natural person who is concerned with the management operations of such business property practitioner or sole proprietorship or who is employed by such business property practitioner or sole proprietorship. |
| 25.2 | Subject to any express provision to the contrary in the Act or these regulations, no person who does not directly carry out to any material degree any activity or function of a "property practitioner" as defined in section 1 of the Act is required to register with the Authority or hold a Fidelity Fund certificate, regardless of the fact that such person may be employed by or in any way be engaged with any property practitioner. |
