Fidelity Fund certificate definition

Fidelity Fund certificate means the fidelity fund certificate contemplated in section 47(1) of the Property Practitioners Act;

Fidelity Fund certificate means the certificate referred to in section 85 of the Act;

Fidelity Fund certificate. ’ means the certificate referred to in section 85; 35

Examples of Fidelity Fund certificate in a sentence

• A trust account advocate shall comply with the requirement to be in possession of a Fidelity Fund certificate and shall conduct his or her practice in accordance with the relevant provisions of chapter 7 of the Act and the rules relating to the opening and keeping of trust accounts and the handling of trust monies.

• A property practitioner who receives a notice from the Authority in terms of section 51 (2) (a) to (b) of the Act of the Authority's intention to amend the property practitioner's Fidelity Fund certificate must, within a period of 30 days following receipt of such notice, respond in writing thereto.

• All property practitioners who are natural persons will, upon making application for a Fidelity Fund certificate, be deemed by the fact of such application itself to have applied for exemption from the provisions of section 50 (x) of the Act and the Authority must by default grant such exemption.

• Other than for sole proprietors, all property practitioners who are natural persons will, upon making application for a Fidelity Fund certificate, be deemed by the fact of such application itself to have applied for exemption from the provisions section 50 (vii) of the Act and the Authority must by default grant such exemption.

• For the purposes of section 56 (5) of the Act, a conveyancer must obtain a copy of both (a) the Fidelity Fund certificate of the business operation concerned issued pursuant to the provisions of regulation 26A and (b) the Fidelity Fund certificate of the natural person property practitioner or natural person property practitioners who were concerned with the transaction in question.

More Definitions of Fidelity Fund certificate

Fidelity Fund certificate. ’ means the certificate referred to in section 85; ‘‘financial year’’ means the financial year of the Fund referred to in section 60; ‘‘Fund’’ means the Attorneys Fidelity Fund referred to in section 54;

Fidelity Fund certificate means a fidelity fund certificate issued in terms of section 16 of the Act;

Fidelity Fund certificate. ’ means a Fidelity Fund certificate contemplated in 10

Fidelity Fund certificate means a certificate issued in terms of section 68; “fund” means the Legal Practitioners’ Fidelity Fund referred to in section 53;

Fidelity Fund certificate means a fidelity fund certificate referred to in section 16, and includes for the purposes of sections 26(a), 27, 28 and 33(1)(e) and (f), a registration certificate referred to in section 16;

Fidelity Fund certificate. ’ means a Fidelity Fund certificate contemplated in section 47(1);

Fidelity Fund certificate means a certificate issued in terms of section 42;