Singapore legislation
Section 64
Section 64
Rules
(1)
The Authority may, with the approval of the Minister, make rules to give effect to this Act.
(2)
Without limiting subsection (1), the Authority may, with the approval of the Minister, make rules —
to provide for the manner in which applications for registration or approval may be made under this Act;
to prescribe the fees payable for the purposes of this Act;
to prescribe the penalties payable for the late lodgment of any document;
for or with respect to the waiver, refund or remission, whether wholly or in part, of any fee or penalty payable under this Act;
to prescribe the qualifications and other requirements for the registration of public accountants under this Act;
to provide for the classification of public accountants;
to prescribe the standards, methods, procedures and other requirements to be applied by public accountants when providing public accountancy services;
to prescribe the code of professional conduct and ethics of public accountants, accounting corporations, accounting firms and accounting LLPs;
to provide for matters relating to the discipline of public accountants;
to impose restrictions on persons or classes of persons who may become officers of an accounting corporation, accounting firm or accounting LLP;
to provide for the exemption of any persons or classes of persons from any provision of Part 3 or 4; and
to prescribe anything which may be prescribed or is required to be prescribed under this Act.
(3)
In making rules for the purpose of subsection (2)(g), the Authority may adopt by reference (whether wholly or in part) any standard, method or procedure issued or applied by any professional accountancy body or organisation, whether in Singapore or elsewhere.
(4)
In making rules for the purpose of subsection (2)(h), the Authority may adopt by reference (whether wholly or in part) any code of professional conduct and ethics issued or applied by any professional accountancy body or organisation, whether in Singapore or elsewhere.
(5)
In this section, a reference to a code of professional conduct and ethics includes any code or ethics pronouncement that seeks to give effect (whether wholly or in part) to the recommendations issued or adopted by the intergovernmental body known as the Financial Action Task Force relating to the prevention of money laundering and the financing of terrorism.