Public Service Commission Act, 1997
R 385
Securities Services Act, 2004 (Act No. 36 of 2004)Chapter III : ExchangesGeneral provisions in relation to exchange24. Restriction on borrowing against and repledging of securities belonging to other persons |
No authorised user may—
| (a) | borrow against pledged listed securities an amount in excess of the outstanding balance of any amount which the authorised user may have lent the pledgor against the pledged securities; |
| (b) | repledge listed securities without the written consent of the pledgor. |
