Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Part VI : Collective Investment Schemes in Participation Bonds56. 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. |