Article 64 - Limited Partnership accounts
Partners of every Limited Partnership shall cause accounts to be prepared
in relation to each financial year of the Limited Partnership which shall be in
the English language and shall comprise or include:
(A) relevant financial
Statements set out in accordance with IFRS, UK GAAP,
US GAAP or such other accounting principles and standards as may be
prescribed in rules made by the QFC Authority; and
(B) such further information as may be required by these
rules made by the QFC Authority and the Partnership Agreement.
(2) The accounts shall be prepared in accordance with accounting principles and standards prescribed in rules made by the
QFC Authority and comply with any
other requirements of these Regulations or any rules made by the QFC Authority The accounts shall show a true and fair view of the profit or loss of
the Limited Partnership for the financial year in question and of the state of the
Limited Partnership's affairs at the end of such financial year.
Limited Partnership's accounts shall be approved by the Partners and signed
on their behalf by a General Partner.
(4) Within four months after the end of the financial year, the accounts for that year shall be:
(A) prepared and approved by all
(B) examined and reported upon by the
Limited Partnership's auditors in accordance with these Regulations and any rules made by the QFC Authority, such auditors' report to be written in the English language.
Limited Partnership shall file with the CRO within 21 days after the accounts
have been approved by the Partners, a copy of the accounts and auditors'
(6) In this Part 7, references to "accounts" are to those accounts prepared in accordance with this Article.
(7) This Article does not apply in relation to a
Limited Partnership that is a
Collective Investment Fund registered by the Regulatory Authority.