CTHRepealedAct
Securities Industry Act 1980
98Accounts in respect of deposits
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##### 98 Accounts in respect of deposits
(1) A stock exchange shall establish and keep proper accounts of deposits received by the stock exchange under:
(a) in the case of the Exchange—this Part or the provisions of a law of a participating State or participating Territory that correspond with this Part; or
(b) in any other case—this Part;
and shall, within one month after each quarter day, cause a balance sheet to be made out as at that quarter day.
(2) A stock exchange shall appoint a registered company auditor to audit its accounts relating to deposits.
(3) An auditor appointed by a stock exchange shall audit the accounts relating to deposits received by the stock exchange and each balance sheet and shall cause a report on the accounts and balance sheet to be laid before the committee of the stock exchange not later than one month after the balance sheet is made out.
(4) A stock exchange shall give to the Commission a copy of each report laid before the committee of the stock exchange under this section and of the balance sheet to which the report relates within 14 days after the report was so laid before the committee.