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Rules of Practice 1994 (S.R. 1994, No. 229)
|Requested: 28 Mar 2017|
|Consolidated as at: 17 Mar 2006|
64. Contributory mortgage
A contributory mortgage is a first or second mortgage, the principal sum of which is
(a) recorded in the accounts and records of a fund operator as being held wholly, in one or more specific parts, for one or more identified investors; and
(b) invested in accordance with the authority of that or those investors.