Returns and audit
17.—(1)  The forms mentioned in this regulation are those set out in the Second Schedule.
(2)  An approved MAT insurer shall prepare and lodge with the Authority for each financial year —
(a)in respect of the approved MAT insurance business, a statement, which shall be in Form 1, giving particulars as to premiums, claims and commissions;
(b)a statement, which shall be in Form 2, on the insurance deposit required under regulation 9;
(c)in respect of the insurer’s global business operations —
(i)a balance-sheet, which shall be in Form 3, as at the end of that financial year; and
(ii)a profit and loss statement, which shall be in Form 4; and
(d)information on the insurer’s external auditor, containing the particulars set out in Form 5 —
(i)for each financial year; or
(ii)if there is a change in its external auditor.
(3)  The statements for any financial year referred to in paragraph (2)(a), (b), (c) and (d)(i) shall be based on the annual audited financial statements of the insurer with respect to that period.
(4)  The documents to be lodged with the Authority under this regulation for any financial year of an insurer shall be accompanied by the annual audited report of the insurer with respect to that period, including the audited financial statements and the auditor’s opinion on the financial statements.
(5)  Where any report or statement referred to in paragraph (4) is in a language other than English, the copy required by that paragraph shall be in English and shall be certified to be a true translation of the original by the translator.
(6)  For the purposes of these Regulations, any reference to documents lodged with the Authority shall not be taken to include documents required by paragraph (4) to accompany documents so lodged.
(7)  Any person who contravenes this regulation shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part thereof during which the offence continues after conviction.