Singapore legislation
Section 180
Section 180
Accounts of fund
Amended by2/20092/20092/2009
(1)
An approved exchange must establish and keep proper accounts of its fidelity fund and must, within 5 months from the last day of each financial year of that exchange, cause a balance sheet in respect of such accounts to be made out as at the last day of that financial year.
Amended by2/2009
(2)
The approved exchange must appoint an auditor to audit the accounts of the fidelity fund.
Amended by2/2009
(3)
The auditor appointed by the approved exchange must —
(a)
regularly and fully audit the accounts of the fidelity fund; and
(b)
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.
Amended by2/2009