Section 163
Accounts and audit
of Capital Markets and Services (Amendment) Act 2012
The Corporation shall keep or cause to be kept proper accounts and other records in respect of the operations of the Corporation and shall prepare statements of accounts for each financial year.
(2)
At the end of each financial year, within three months after the close of the financial year or as soon as the accounts of the Corporation have been audited, the Corporation shall cause a copy of the statement of accounts to be submitted to the Commission.
(3)
Within three months after the close of each financial year, the Corporation shall prepare and submit a regulatory report to the Commission on the extent to which it has complied with the requirements under this Part and its rules during the financial year.
(4)
Upon receipt of the report under subsection (3), the
Commission may at any time if it deems it necessary to do so, conduct a regulatory audit on the Corporation.
(5)
The Statutory Bodies (Accounts and Annual Reports)
Act 1980 [Act 240] shall not apply to the Corporation.