$2---C033386P
1986 Ed.
OF
Securities (Accounts and Audit) Regulations [CAP. 333]
SECURITIES (ACCOUNTS AND AUDIT) REGULATIONS
UNIVERSITY
LAW
(Cap. 333, section 146)
+
B1
[Subsidiary]
L.N. 284/76.
L.N. 38/86.
1.
LIBRARY
[30 December 1977.]
These regulations may be cited as the Securities (Accounts and Audit) Regulations.
2. (1) The profit and loss account required to be prepared by a dealer or a dealing partnership under section 88(1) of the Ordinance shall contain the particulars set out in Form 1 in the Schedule.
(2) The balance sheet required to be prepared by a dealer or a dealing partnership under section 88(1) of the Ordinance shall contain particulars set out in Form 2 in the Schedule, and shall be accompanied by a computation of his or their net capital and liquidity margin for the purposes of section 65B of the Ordinance.
(3) [Deleted, L.N. 38/86]
3. An auditor's report under section 88(1) of the Ordinance shall contain a statement by the auditor as to whether-
(a) he has obtained all the information and explanations which to the best of his knowledge and belief are necessary for the purpose of the audit;
(b) in the auditor's opinion-
(i) the dealer has properly kept the records required to be kept by him under section 83 of the Ordinance;
(ii) the profit and loss account and the balance sheet are in accordance with the records kept under section 83 of the Ordinance and comply with the requirements of these regulations;
(iii) the dealer has properly kept all trust accounts in accordance with section 84 of the Ordinance;
(iv) the profit and loss account and balance sheet give a true and fair view of the dealer's financial position for the financial year to which they relate;
(v) the computation of net capital and liquidity margin for the purposes of section 65B of the Ordinance is correctly compiled from the books and records of the dealer or the dealing partnership, as the case may be, and if such is not correctly compiled, the nature and extent of the incorrectness;
(ba) there appears to the auditor to have been any contravention of section 65B of the Ordinance by the dealer or dealing partnership, as the case may be, during the financial year covered by the auditor's report; and
Citation.
Forms of profit and loss account and balance sheet.
L.N. 38/86.
Schedule, Form 1.
L.N. 38/86.
Schedule, Form 2.
Auditor's report. L.N. 38/86.
L.N. 38/86.
L.N. 38/86.