Singapore legislation

Clause 17

of Corporate and Accounting Laws (Amendment) Bill

Clause 17

Amendment of section 18

In the Accountants Act, in section 18(3) —

(a)

in paragraph (b), delete “and” at the end; and

(b)

after paragraph (b), insert —“(ba)the firm or proposed firm is or will be covered by professional indemnity insurance in accordance with section 28 and the prescribed requirements, if any; and”.