Clause 47

A stock exchange shall establish and keep proper accounts of its fidelity fund and shall before the 31st day of March in each year cause a balance-sheet in respect of such accounts to be made out as at the preceding 30th day of June.

The committee of the stock exchange shall appoint an auditor to audit the accounts of the fidelity fund.

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 one month after the balance-sheet was made out.