S.L. 386.16 чл. 15Accounts.

(1) A securitisation cell company shall draw up its annual accounts in either the currency of its non-cellular share capital or the base currency of one of its cells.

(2) The directors of a securitisation cell company shall maintain proper accounting records of the assets and liabilities of each cell in the base currency of that cell.

(3) The provisions of sub-regulation (1) shall mutatis mutandis apply to the drawing up of any other reports or financial statements which may be required under the Act or by the competent authority.

(4) For the purposes of sub-regulations (1) and (3), the conversion from the base currency of a cell or the conversion from the currency of the non-cellular share capital into the currency in which the annual accounts of the securitisation cell company are to be drawn up shall be done in accordance with generally accepted accounting principles and practice.