49E. Accounts of fund
Feedback & supportLast amended by an amending law of 1995.
A Futures 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 31st December.
Futures Exchange
“Exchange” or “Futures Exchange” means —(a)the Singapore International Monetary Exchange Ltd.; or(b)a body corporate —(i)that provides or proposes to provide the physical facilities necessary for trading in futures contracts; and(ii)that maintains or proposes to maintain a futures market that is approved by the Authority under section 4;
The Futures Exchange shall appoint an auditor to audit the accounts of the fidelity fund.
auditor
“auditor” means an approved company auditor as defined in section 4 of the Companies Act;
The auditor appointed by the Futures Exchange 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 Exchange not later than 3 months after the balance-sheet was made out.
Exchange
“Exchange” or “Futures Exchange” means —(a)the Singapore International Monetary Exchange Ltd.; or(b)a body corporate —(i)that provides or proposes to provide the physical facilities necessary for trading in futures contracts; and(ii)that maintains or proposes to maintain a futures market that is approved by the Authority under section 4;