24. Audit
Feedback & supportDespite anything in the Companies Act (Cap. 50), the Depository must —
appoint an auditor to carry out in respect of the year in which the auditor is appointed, an audit of the accounts of the Depository; and
within 3 months after the end of a financial year, lodge with the Authority the auditor’s report.
The Authority may at any time appoint an auditor to conduct a surprise audit on the Depository and the Authority may fix the remuneration to be paid by the Depository to that auditor.
Subregulation 1
Despite anything in the Companies Act (Cap. 50), the Depository must —
appoint an auditor to carry out in respect of the year in which the auditor is appointed, an audit of the accounts of the Depository; and
within 3 months after the end of a financial year, lodge with the Authority the auditor’s report.
Subregulation 2
The Authority may at any time appoint an auditor to conduct a surprise audit on the Depository and the Authority may fix the remuneration to be paid by the Depository to that auditor.