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8. In regulation 11 (effect of protected status), after paragraph (2) insert—
“(3) Where a secured creditor has consented to be excluded from a trust deed in terms of regulation 5A(c) and the trust deed becomes protected, that creditor is not entitled—
(a)to make a claim under the protected trust deed in respect of any of the debt in respect of which the security is held;
(b)to do diligence against the assets conveyed to the trustee under the protected trust deed; nor
(c)to petition for the sequestration of the debtor during the subsistence of the protected trust deed.”.
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