Singapore legislation
Regulation 13
of Presidential Elections (Certificate of Eligibility) Regulations 2017
Regulation 13
Definitions of this Part
Subregulation 1
In this Part, unless the context otherwise requires —
Definition
“accepted accounting standards” means —
the Singapore Accounting Standards;
the International Financial Reporting Standards or any accounting standards that, in the opinion of the Committee, have wholly or substantially converged with the International Financial Reporting Standards; or
the United States Generally Accepted Accounting Principles;
Definition
“company” means a company limited by shares and incorporated or registered under the Companies Act 1967;
Definition
“financial period”, in relation to an entity, means a financial period of the entity;
Definition
“financial statements” include annual financial statements, financial information announced under the listing rules of a securities exchange, interim unaudited financial statements and year-end unaudited financial statements;
Definition
“financial year”, in relation to an entity, means a financial year of the entity;
Definition
“foreign currency” means a currency other than the Singapore dollar;
Definition
“group”, in relation to an entity that is a parent, means the group of entities that the entity is the parent of;
Definition
“parent” means an entity that is considered, under the accounting standards applied by the entity, to be a parent of a group of entities;
Definition
“relevant financial year”, in relation to an applicant who seeks to rely on his or her service in an entity for the purposes of Article 19(4)(a), (b) or (c), means a financial year of the company during which the applicant served in the capacity that he or she seeks to rely on, and includes —
a financial year during which the applicant served in the capacity that he or she seeks to rely on for only part of the financial year; and
a financial year during which the applicant served in the capacity that he or she seeks to rely on, but which does not form part of the 3‑year period of service required under Article 19(4)(a), (b) or (c);
Definition
“Singapore Accounting Standards” means —
the accounting standards made or formulated by the Accounting Standards Committee under Part 3 of the Accounting Standards Act 2007 by the Accounting Standards Committee established under that Act; and
the accounting standards generally prevailing in Singapore on or before 1 November 2007.
Subregulation 2
In this Part, a reference to the accounting standards applied by an entity means the accounting standards applied by the entity in accordance with the legal and regulatory requirements applicable to the entity.