8.—(1) A Protection and Indemnity Club shall submit Forms 1 and 2 in the Schedule in respect of each financial year.
(2) Notwithstanding regulation 10 of the Insurance (Accounts and Statements) Regulations (Rg 2), a Protection and Indemnity Club shall lodge with the Authority —
(a)
Forms 1 and 2 in the Schedule within 4 months from the end of each financial year; and
(b)
such returns of audited accounts and statements as required to be lodged under the Insurance (Accounts and Statements) Regulations within 6 months after the date to which the returns relate.