Financial Markets Act, 2012 (Act No. 19 of 2012)Chapter IV : Custody and Administration of SecuritiesGeneral provisions relating to custody and administration of securities45. Attachment |
| (1) | The attachment of securities or an interest in securities is only complete when— |
| (a) | written notice of the attachment has been given by the sheriff to the person that holds the securities in a securities account or a central securities account; and |
| (b) | the central securities depository, participant, authorised user or nominee, as the case may be, has made an entry of the attachment on the central securities account or securities account, as the case may be, on behalf of the sheriff. |
| (2) | A central securities depository, participant or authorised user, as the case may be, must ensure that only the securities or interest in securities of the person against whom the warrant of execution was granted, are attached. |