International Banking Order, 2000 · s 21

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21.
Audited accounts to be sent to the Authority
(1)
Not later than the appropriate internal after the end of each of its financial years,. every licensee shall send to the Authority a copy of its audited accounts for that year.
(2)
In subsection (1) -
(a)
"the appropriate interval" means three months or such longer period as the Authority may allow in any particular case; and
(b)
"audited accounts" means the audited accounts required to be prepared for the purposes of the International Business Companies
Order, 2000 or the Companies Act (Chapter 39) or, in the case of an institution incorporated otherwise than under that Act, accounts audited in a manner acceptable to the Authority.
(3) If the auditor of the accounts of a licensee for any financial year is different from the auditor of those accounts for the preceding financial year, the
Authority may require the licensee to provide an explanation of the change together (if so required) with a statement by the former auditor or his representative of the circumstances of the change; and if such an explanation or statement is not produced, the licensee shall be regarded as having failed to comply with subsection (1).

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s 21Audited accounts to be sent to the Authority

(1)

Not later than the appropriate internal after the end of each of its financial years,. every licensee shall send to the Authority a copy of its audited accounts for that year.

(2)

In subsection (1) -

(a)

"the appropriate interval" means three months or such longer period as the Authority may allow in any particular case; and

(b)

"audited accounts" means the audited accounts required to be prepared for the purposes of the International Business Companies

Order, 2000 or the Companies Act (Chapter 39) or, in the case of an institution incorporated otherwise than under that Act, accounts audited in a manner acceptable to the Authority.

(3)

If the auditor of the accounts of a licensee for any financial year is different from the auditor of those accounts for the preceding financial year, the

Authority may require the licensee to provide an explanation of the change together (if so required) with a statement by the former auditor or his representative of the circumstances of the change; and if such an explanation or statement is not produced, the licensee shall be regarded as having failed to comply with subsection (1).