Waalburg Building, 28 Wale Street, Cape Town
Tel: 021 424 5351

Framework

The Legal Practitioners Fidelity Fund is mandated by the Legal Practice Act to protect the public against loss as a result of the theft of Trust funds by Legal practitioners. The protection provided by the Fund encourages the public to confidently use services provided by legal practitioners.

The Fund adopts Enterprise Risk Management (ERM) as a process, effected by the Board of Control, Management and other personnel, applied in strategy across the Fund, designed to identify potential events that may affect the Fund and manage risks to be within its risk appetite and to provide reasonable assurance regarding achievement of its objectives. ERM undertaken by the Fund is a continuous, proactive and dynamic process to identify, understand, treat, communicate, monitor and report risks to stakeholders (both internal and external ) that may impact the Fund’s objectives.