Kindly be advised that with effect from 1 March 2016 it becomes mandatory for practitioners to pay over interest earned on trust current banking accounts to the Attorneys Fidelity Fund (AFF), via the appropriate collecting law society, on a monthly basis. This amounts to a refinement on the present position whereby practitioners are obliged to pay over such interest annually. The authority for the change is contained in regulation 8(1) to the Attorneys Act.

Read AFF Memorandum in relation hereto…(AMTS Notice from the AFF Jan 2016)