Singapore legislation
Section 79
Section 79
Accounts of fund
(1)
A securities exchange shall establish and keep proper accounts of its fidelity fund and shall before 31st March in each year cause a balance-sheet in respect of such accounts to be made out as at the preceding 30th June.
(2)
The committee of the securities exchange shall appoint an auditor to audit the accounts of the fidelity fund.
(3)
The auditor appointed by the committee shall regularly and fully audit the accounts of the fidelity fund and shall audit each balance-sheet and cause it to be laid before the committee not later than 3 months after the balance-sheet was made out.