Statistics Act, 1999
R 385
Financial Institutions (Protection of Funds) Act, 2001 (Act No. 28 of 2001)Board NoticesGuidelines on the Conduct of Curators11. Statements of accounts and invoices |
| (1) | A curator must— |
| (a) | on a continual basis maintain statements of account for fees in respect of services rendered and disbursements incurred for and related to the curatorship; |
| (b) | periodically submit the statements of account in the format determined by the registrar for approval by the registrar prior to recovery of the fees or expenses from the institution or assets of investors, as the case may be. |
| (2) | A statement of account must be accompanied by a full narrative of the services rendered supported by proof of disbursements and payments to other service providers as well as the time spent on the execution of the curator's functions. |
| (3) | Payment to the curator may not be made directly from funds realised by the liquidation of assets, such funds must first be paid into the bank account held in the name of the curatorship. |
| (4) | Payment to other service providers may not be made unless pursuant to an invoice approved by the curator and, in case of a joint curatorship, approved by all the curators. |
| (5) | Advance payments must be dealt with as such in the accounting records and not as partial payments on invoices; provided that all advance payments must be approved by the registrar. |
