These Rules may be cited as the Securities (Accounting and Financial Requirements) Rules.
In these Rules, unless the context otherwise requires-
Interpretation
“auditor”, in relation to a licensee, means the person appointed by the licensee to be his auditor for the
purpose of these Rules;
“customer bank account” means a bank account established for the purposes of rule twenty-two;
“financial year”, in relation to a licensee, means-
- the period of twelve months beginning with the day on which the licensee commences to carry on the business to which the license relates; and
- each subsequent period of twelve months beginning with the day following the day as at which an annual balance sheet of the licensee is prepared for the purposes of these Rules;” licensee” means a dealer or investment adviser, as the case may be, who is licensed under Part IV of the
Act, and “licensed dealer” shall be construed accordingly; “licensed bank” means a bank registered under the Banking and Financial Services Act, or licensed or registered under any Act amending or replacing that Act; Cap. 387