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Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)

Part VI : Collective Investment Schemes in Participation Bonds

56. Registration of participation bonds in name of nominee company

 

(1) Despite any contrary law, a participation bond clearly described as such must be registered as such in a deeds registry in the name of a nominee company as nominee for or representative of the participants.

 

(2) The names of the participants need not be listed in a participation bond.