Companies (Accounting Standards) Regulations 2002

No. S 644

Companies Act

(Chapter 50)

Companies (Accounting Standards) Regulations 2002

In exercise of the powers conferred by section 200A(1) of the Companies Act, the Accounting Standards Committee (known as the Council on Corporate Disclosure and Governance), with the approval of the Minister for Finance, hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Companies (Accounting Standards) Regulations 2002 and shall come into operation on 1st January 2003.

Accounting Standards applicable to companies

2. The Accounting Standards applicable to companies shall be known as the Financial Reporting Standards and shall comprise —

(a)	the matters set out in the First, Fourth and Fifth Schedules; and
(b)	the International Accounting Standards or International Financial Reporting Standards set out in the second column of the Third Schedule, as modified by the Second Schedule and the third column of the Third Schedule.

Made this 17th day of December 2002.

J Y PILLAY

Chairman,
Council on Corporate Disclosure
and Governance,
Singapore.

[F14.1.009 Vol. 6; AG/LEG/SL/50/2002/1 Vol. 1]

Search within Legislation