1987 Ed.]
Exchanges (Special Levy) Rules
[CAP. 351
8. The Exchange Companies shall permit the trustee or his agent to have access to and to take copies of their books and records for the purposes of verifying compliance with the Ordinance and fulfilling his duties as trustee.
9. (1) Within one month, or within a later date specified by the trustee, after each 6 month period ending 30 June and 31 December, each Exchange Company shall, at its expense, provide to the trustee, in a form required by him, a report by its company auditor appointed under the Companies Ordinance, certifying that the returns submitted under rule 5 in respect of the special levies imposed for the relevant period are correct and in accordance with the Ordinance.
(2) The first report under paragraph (1) shall be for the period from 29 October 1987 to 31 December 1987.
TRUSTEE ADMINISTRATION AND AUDIT
10. The trustee shall deposit the money of the special levy fund in a bank in Hong Kong licensed under the Banking Ordinance unless otherwise authorized by the lenders under the facility letters.
11. The trustee shall keep accounts of all transactions of the special levy fund and shall prepare, in respect of the period from 29 October 1987 to 30 June 1988, and afterward in respect of every period of one year ending on 30 June, a statement of the accounts of the fund which shall include a receipts and payments account and a balance sheet and shall be signed by the trustee.
12. The accounts of the special levy fund and the signed statement of the accounts shall be audited by the Director of Audit who shall certify the statement subject to such report, if any, as he may think fit.
13. The trustee shall, within 6 months after the end of each period in respect of which a statement of the accounts is required to be prepared under rule 11 and audited under rule 12 or within an extended time authorized by the lenders, give to each lender under the facility letters and publish in the Gazette—
(a) a copy of the signed and audited statement of the accounts and the report of the auditor prepared under rules 11 and 12; and
(b) a report of the trustee on the administration of the special levy fund during the period.
A 3
[Subsidiary]
Trustee's access to records.
Audit report. (Cap. 32.)
Deposit of fund money. (Cap. 155.)
Accounts.
Fund audit.
Distribution and publication.