Singapore legislation
Clause 40
Clause 40
Accounts of deposits
(1)
A stock exchange shall establish and keep proper accounts of all deposits and shall forthwith after each quarter day cause a balance-sheet to be made out as at the last preceding quarter day.
(2)
The committee of the stock exchange shall appoint an auditor to audit the accounts relating to deposits.
(3)
The auditor appointed by the committee shall regularly and fully audit the accounts relating to deposits and shall audit each balance-sheet and cause it to be laid before the committee not later than one month after the balance-sheet is made out.