24
CAP. 24]
Securities and Futures Commission
[1989 Ed.
13. Commission to furnish information
The Commission shall, when required by the Financial Secretary, furnish such information with respect to the policy it is pursuing or proposes to pursue in the performance of any of its functions as he may specify.
14. Financial year and estimates of income and expenditure
(1) The financial year of the Commission shall be the period of 12 months beginning on 1 April, and its first financial year shall commence on the establishment day and end on the following 31 March.
(2) The Commission shall not later than 31 December in each financial year submit to the Governor for his approval estimates of its income and expenditure for the next financial year.
(3) The estimates as approved under subsection (2) shall be laid on the table of the Legislative Council.
15. Accounts
The Commission shall cause proper accounts and records to be kept of all transactions and shall, as soon as practicable after the end of each financial year, cause to be prepared for that financial year a statement of the accounts of the Commission, which statement shall-
(a) include an income and expenditure account and balance sheet;
and
(b) be signed by the chairman and 1 non-executive director of the Commission.
16. Auditors and audit
(1) (a) The Commission shall, as soon as practicable after the end of each financial year, submit the statement of the accounts prepared for that year under section 15 for audit to auditors appointed by the Commission with the approval of the Financial Secretary, and the auditors shall prepare a report on the accounts and send the report to the Commission who shall, as soon as possible, send a copy of the report and a copy of the statement of accounts to the Financial Secretary.
(b) The auditors' report shall include
(i) a statement whether, in the auditors' opinion, the income and expenditure account for the financial year to which the report relates gives a true and fair view of the Commission's surplus or deficit;