Singapore legislation
Regulation 14
Regulation 14
Financial and other information required by Board
Subregulation 1
Every licensee must submit the following information to the Board by the following times:
within 6 months after the close of the financial year of the licensee, the annual business profile returns of the licensee in the form as the Board requires;
within 6 months after the close of the financial year of the licensee, a copy of the licensee’s financial statements accompanied by either of the following:
an independent auditor’s report on those financial statements, that is made in accordance with the Singapore Standards on Auditing issued by the Institute of Singapore Chartered Accountants;
an independent auditor’s review engagement report certifying those financial statements, that is made in accordance with the Singapore Standard on Review Engagements (SSRE) 2400 (Revised): Engagements to Review Historical Financial Statements issued by the Institute of Singapore Chartered Accountants;
without affecting sub-paragraph (b), where requested by the Board and within the time specified by the Board —
an independent auditor’s report made in accordance with the Singapore Standards on Auditing issued by the Institute of Singapore Chartered Accountants on the licensee’s financial statements for any financial year, submitted in the manner specified by the Board; and
any other information relating to the licensee’s business as a travel agent.
Subregulation 2
In paragraph (1), a reference to a financial year includes a reference to the first financial year subsequent to a change in the licensee’s financial year, despite that the financial year is not 12 months.