Regulation 14

Every commodity trading adviser, who is not a body corporate, shall prepare accounts in relation to his business as a trading adviser in the form determined by the Board in respect of each financial year.

The assets and liabilities of the business of a commodity trading adviser shall be brought into account in the balance-sheet at such amounts to be classified and described so that the balance-sheet gives a true and fair view of the state of affairs of the business as at the date to which it is made up.

Each account prepared under paragraph (1) shall be signed by the commodity trading adviser.

A commodity broker, spot commodity broker, commodity trading adviser or commodity pool operator, that is a corporation, shall prepare accounts in accordance with the provisions of the Companies Act (Cap. 50) in respect of each financial year and shall attach to such accounts a statement in the form required by the Board.

The statement referred to in paragraph (4) shall be signed by a director or the secretary of the corporation appointed for that purpose.