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Trust Property Control Act

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Important amendments to the Trust Property Control Act  

Photo of Amber KardamilakisPhoto of Susan Bisset
By Amber Kardamilakis & Susan Bisset on January 24, 2023
  1. A list of grounds for the disqualification of trustees aligns to some extent with the grounds for the disqualification of directors set
…
Posted in General

Proposed law will increase disclosure of control of trusts

Photo of Susan BissetPhoto of Amber Kardamilakis
By Susan Bisset & Amber Kardamilakis on November 16, 2022

The Trust Property Control Act, 1988 (TPCA) was last amended in 1997.  It is a short act that deals on a high level with trust operations and the office of the Master of the High Court as the trust regulator.  The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill (B18 – 2022)…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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