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

Part IX : Trustee or Custodian

72. Liability of trustee or custodian in respect of loss of assets
Purchase cart Previous page Return to chapter overview Next page

 

The trustee or custodian must indemnify the manager and investors against any loss or damage suffered in respect of money or other assets in the custody of the trustee or custodian and which loss or damage is caused by a willful or negligent act or omission by the trustee or custodian.