Cap. 487 Art. 24Submission of audited financial statements and income statements.

(1) Every enrolled company shall, not later than four months from the date of closing of its financial year, or at any other time as may exceptionally be authorised in writing by the competent authority, forward to the competent authority a copy of its audited financial statements drawn up -

(a) in the case of a local company, in accordance with the provisions of the Companies Act; and

(b) in the case of a foreign company, in accordance with the provisions of the laws of the country where the registered office or head office of the company is situated governing the financial statements of such companies.

(2) Every enrolled person who is an individual shall provide income statements drawn up in a manner as determined by Insurance Distribution Rules made for the purposes of this article and such statements shall be forwarded to the competent authority within such period as may be specified by Insurance Distribution Rules.