Singapore legislation

Regulation 23

Conditions for circulation of summary financial statement

The Academy may circulate to members copies of the summary financial statement, the auditor’s report on the financial statements and statement by the auditor as to whether the summary financial statement is consistent with the financial statements and the auditor’s report thereon, referred to in section 21 (2) ( b) of the Act, if —

(a)

the summary financial statement has been approved by the Senate;

(b)

the original statement has been signed by a member of the Senate on behalf of the Senate; (c)the summary financial statement bears the name of that member; and

(d)

the summary financial statement includes the following statement in a prominent position:“This summary financial statement is derived from the Academy’s financial statements and auditors’ report thereon, which are available for inspection by all members of the Academy at the premises of the Academy during the Academy’s office hours. Any member who wishes to have copies of the financial statements and auditor’s report may notify the Academy; and the Academy shall furnish these free of charge to that member within 21 days of its receipt of the member’s notification.”.

Read in full context — Singapore Academy of Law Rules →