Singapore legislation
Regulation 7
Regulation 7
Where accountant’s report unnecessary
The Council will, in each practice year, be satisfied that the delivery of an accountant’s report under section 73(1) of the Act is unnecessary and shall not require evidence of that fact, in the case of any solicitor who —
does not hold a practising certificate and —
has never held one; or
having held one, has not practised in any Singapore law practice at any time during the accounting period ending on the date upon which he ceased to practise, or has delivered an accountant’s report in respect of his practice in a Singapore law practice covering the accounting period ending on the date upon which he ceased to practise and to hold or receive client’s money or conveyancing money, or both; or
holds a current practising certificate —
for the first time;
for the first time, after having for 12 months or more ceased to do so; or
has satisfied the Council that —
the Legal Profession (Solicitors’ Accounts) Rules (R 8) are not applicable to him because he is employed only as an assistant solicitor by another solicitor or firm of solicitors or limited liability law partnership or law corporation and has not, during the period to which the said application relates, practised alone or in partnership or been held out to the public as a partner or director of a firm of solicitors, limited liability law partnership or law corporation or held or received client’s money or conveyancing money; or
the Legal Profession (Solicitors’ Accounts) Rules are not applicable to him because during the period to which the said application relates he has not practised as a solicitor alone or as a partner or director of a firm of solicitors, limited liability law partnership or law corporation or been held out to the public as a partner or director of a firm of solicitors, limited liability law partnership or law corporation or has not held or received client’s money or conveyancing money.