Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Attorneys Act, 1979 (Act No. 53 of 1979)Rules for the Attorneys' ProfessionPart V : Accounting RulesInvestment Practice RulesRestrictions applicable to certain investments |
| 36.11 | A firm may not invest on behalf of a client: |
| 36.11.1 | in 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 |
| 36.11.2 | in 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. |
