Section 206 Investments and Securities Act

Section 206 of the Investments and Securities Act 2025 is about Accounts of investor protection fund. It is under Part XIV (Investor Protection Fund) of the Act. It provides as follows:

(1) A board of trustees shall establish and keep proper books of accounts in relation to an investor protection fund and shall, not later than three months following the end of the financial year of the fund, cause the income and expenditure for the year and a balance sheet to be published.

(2) An exchange shall, on the recommendation of the board of trustees, appoint an auditor to audit the accounts of the investor protection fund established by it.

(3) The auditor appointed under subsection (2) shall regularly and thoroughly audit the accounts of the investor protection fund and shall complete the audit not later than one month following the period referred to in subsection (1) to enable the audited accounts to be submitted by the board of trustees to the Commission not later than two months following the period referred to in subsection (1).