- Draft Financial Institutions (Investment of Funds) Bill0.15 MB
To amend the Financial Institutions (Investment of Funds) Act, No. 39 of 1984, so as to amend, insert, substitute or delete certain definitions and expressions; to accommodate the commencement of related new legislation; to provide for increased control by financial institutions over their nominee companies; to remove restrictions to the registrar's right to apply to the High Court for the appointment of a curator; to provide for the registrar to take over the role of the Court in supervising curators; to provide for the allocation of costs incurred in applications to Court and for the remuneration of curators in certain instances; to empower the registrar to ensure that certain orders of court are being complied with.
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