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Insider Trading Act, 1998 (Act No. 135 of 1998)

8. Attachments and interdicts

 

 

1) On application by the Financial Services Board, it shall be competent for a court to order the attachment of assets or evidence to prevent their concealment, removal, dissipation or destruction.

 

2) The Financial Services Board may institute any interdict or interlocutory proceedings against a person who profited or avoided a loss or who the Financial Services Board reasonably believes may have profited or avoided a loss as contemplated in section 6.

 

3) Such proceedings may include proceedings to obtain an interdict to prevent the disposal of assets or of evidence.

 


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