Statistics Act, 1999
R 385
Trust Property Control Act, 1988 (Act No. 57 of 1988)RegulationsRegulations under the Trust Property Control Act, 1988 (Act No. 57 of 1988)3B. Recording of details of accountable institutions by trustee |
A trustee must record the following details of an accountable institution contemplated in section 11(1)(e) of the Act:
| (a) | The name of the accountable institution; |
| (b) | if the accountable institution is a person other than a natural person, the registration details of such person; |
| (c) | if the accountable institution is a natural person, the official identity document number or passport number of the natural person, indicating the type of document and the country of issue; |
| (d) | if the trustee used or uses the accountable institution as an agent to perform the trustee’s functions, the nature of the functions; |
| (e) | if the trustee obtained or obtains services from the accountable institution, the nature of services; |
| (f) | if the trustee entered into a single transaction, as defined in the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001), with the accountable institution, the date on which the single transaction was entered into and the nature of the single transaction; and |
| (g) | if the trustee entered into a business relationship as defined in the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001) with the accountable institution, the date on which the business relationship was entered into and nature of the business relationship that was entered into. |
[Regulation 3B inserted by section 2 of Notice No. R. 3240, GG48351, dated 31 March 2023 - effective 1 April 2023]
