Companies Act
(Chapter 50, Section 201(14C))
Companies (Accounting Standards for Listed Companies) Order
O 2
G.N. No. S 2/2003

REVISED EDITION 2004
(29th February 2004)
[1st January 2003]
Citation
1.  This Order may be cited as the Companies (Accounting Standards for Listed Companies) Order.
Accounting standards applicable to listed companies
2.—(1)  Where —
(a)a company which is listed on a securities exchange in Singapore is also listed on a securities exchange outside Singapore;
(b)the securities exchange outside Singapore on which the company is listed requires the company to comply with accounting standards other than the Accounting Standards prescribed under section 200A(1)(a) of the Act (referred to as the foreign accounting standards);
(c)the foreign accounting standards are approved by the securities exchange in Singapore on which the company is listed for the purposes of the exchangeā€™s listing requirements; and
(d)the company has notified the Registrar of its intention to apply the foreign accounting standards,
the company shall, instead of applying the Accounting Standards prescribed under section 200A(1)(a) of the Act, apply those foreign accounting standards.
(2)  Sub-paragraph (1) shall only apply to accounts prepared by a company in respect of a financial year commencing on or after 1st January 2003.
[G.N. No. S 2/2003]