International Banking Order, 2000 · As enacted
21. Audited accounts to be sent to the Authority
Official textFrom Attorney General's Chambers, unchanged
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.
licensee
"licensee" means a bank which is for the time being the holder of a licence;
In subsection (1) -
"the appropriate interval" means three months or such longer period as the Authority may allow in any particular case; and
"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.
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).
Terms defined in s 2
institution
Defined · s 2"institution" means a company incorporated or registered under the Companies Act, an international business company or a foreign international company;
licensee
Defined · s 2"licensee" means a bank which is for the time being the holder of a licence;
the Authority
Defined · s 2"the Authority" means such person or body as is appointed by His Majesty the Sultan and Yang Di-Pertuan to be the Authority for the purposes of this Order;