122ZGFinal accounts in respect of transferring exchange’s fidelity fund

##### 122ZG Final accounts in respect of transferring exchange’s fidelity fund (1) A transferring exchange shall, as soon as practicable, and in any event within 2 months, after the transfer day in relation to the transferring exchange: (a) cause to be prepared a statement of the assets and liabilities of its fidelity fund as on that day; and (b) appoint a registered company auditor to audit the statement. (2) Without limiting the generality of subsection (1), a statement prepared under that subsection shall set out full particulars, so far as known when the statement is prepared, of all liabilities (including contingent liabilities) of the transferring exchange’s fidelity fund in respect of transferred claims. (3) An auditor appointed to audit a statement prepared under subsection (1) in relation to a transferring exchange’s fidelity fund shall, within 1 month after the statement is prepared: (a) audit the statement; and (b) cause a report on the statement to be laid before the Board and a copy of the report to be given to the committee of the transferring exchange. (4) The Board shall give to the Commission a copy of a report laid before the Board under this section, and a copy of the statement to which the report relates, within 14 days after the report is laid before the Board.