Securities and Futures Act 2001 · 2020 Revised Edition · Part 5 · Books, Customer Assets and Audit
102. Keeping of books and providing of returns
Feedback & supportLast amended by an amending law of 2007.
A holder of a capital markets services licence must —
capital markets services licence
“capital markets services licence” means a licence that is granted by the Authority under section 86 to a person to carry on a business in any regulated activity;
keep, or cause to be kept, such books as will sufficiently explain the transactions and financial position of its business and enable true and fair profit and loss accounts and balance sheets to be prepared from time to time; and
keep, or cause to be kept, such books in such a manner as will enable them to be conveniently and properly audited.
An entry in the books of a holder of a capital markets services licence required to be kept in accordance with this section is deemed to have been made by, or with the authority of, the holder.
A holder of a capital markets services licence must retain such books as may be required to be kept under this Act for a period of not less than 5 years.
A holder of a capital markets services licence must —
furnish such returns and records in such form and manner as may be prescribed or as may be notified by the Authority in writing; and
provide such information relating to its business as the Authority may require.
The Authority may, without affecting section 341, make regulations in respect of all or any of the matters in this Division, including the keeping of such books, by a holder of a capital markets services licence, in such form and manner as the Authority may prescribe.