Payment of trust interest accrued on trust accounts held in terms of Section 86 of the LPA to the LPFF

The purpose of this communication is to remind the Legal Practitioners, Registered Auditors and all relevant stakeholders about the requirements of section 86 of the Legal Practice Act, No. 28 of 2014 (LPA) and The South African Legal Practice Council Rules made under the authority of sections 95(1), 95(3) and 109(2) of the LPA (LPC Rules), pertaining to payment of trust interest accrued on section 86 trust accounts.