Implementation of the Fidelity Fund Certificate system, Funds collection management system and audit report submission Fidelity Fund (LPFF)
Background: Meeting New Legal and Operational Mandates The introduction of the Legal Practice Act 28 of 2014 marked a significant shift in how trust interest from legal practitioners’ trust accounts would be managed in South Africa. No longer would law societies act as intermediaries in the collection of trust interest—the Legal Practitioner Fidelity Fund (LPFF) […]