Property Practitioners Act, 2019 (Act No. 22 of 2019)

Regulations

Property Practitioners Regulations, 2022

Chapter 5 : Fidelity Fund Certificates

26. Fidelity Fund Certificates to be Industry Specific
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26.1 The Authority shall, in good faith consultation with industry representative bodies, define the various industries in which different categories of property practitioners operate (including for the purposes of regulation 33).

 

26.2 A property practitioner shall hold a separate Fidelity Fund certificate in respect of each different industry in which such property practitioner operates and a separate application shall be lodged by such property practitioner with the Authority in respect of each such required Fidelity Fund certificate.

 

26.3 A Fidelity Fund certificate issued to a property practitioner shall reflect the industry in respect of which that Fidelity Fund certificate is issued.