Definitions
2.—(1)  In these Regulations, unless the contrary intention appears —
“Charities Accounting Standard” means the accounting standards referred to by that name that are made or formulated by the Accounting Standards Committee under Part 3 of the Accounting Standards Act 2007;
[S 15/2023 wef 31/12/2021]
[S 154/2023 wef 01/04/2023]
“company” means a company registered under the Companies Act 1967;
[S 15/2023 wef 31/12/2021]
“Financial Reporting Standards” means the accounting standards referred to by that name that are made or formulated by the Accounting Standards Committee under Part 3 of the Accounting Standards Act 2007;
[S 15/2023 wef 31/12/2021]
[S 154/2023 wef 01/04/2023]
“institution of a public character” has the same meaning as in section 40 of the Act;
[S 15/2023 wef 31/12/2021]
“large institution of a public character” has the same meaning as in regulation 20(6) of the Charities (Institutions of a Public Character) Regulations (Rg 5);
“public accountant” has the same meaning as in the Accountants Act 2004;
[S 15/2023 wef 31/12/2021]
“relevant office”  —
(a)in relation to a society registered under the Societies Act 1966, means the President, the Treasurer or the Secretary of the society, or their equivalents; or
[S 15/2023 wef 31/12/2021]
(b)in relation to a company, means a member of the board of directors of the company.
(2)  For the purposes of the Act and any regulations made thereunder, “financial year”, in relation to a charity which is not a company, means a period of 12 months or, as a transitional measure to change the starting date of the next financial year of the charity, such other period not exceeding 18 months as the charity may adopt.