W 32/06 OSR — Kingdom Hotel Investments
|To||Kingdom Hotel Investments|
PO Box 121223
|DFSA Firm Reference No.||F000220|
THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 30th March 2006 and expires on the date on which any Rule specified herein is amended or until further notice.
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is OSR/VER3/09-05
|Criterion 13 of A2.1.1||1||Annual report and annual financial statements.||(1) Market disclosure of the annual
report and annual financial
The annual report must include in
respect of the financial year to
which it relates:
(a) a review of operations during the year and the results of those operations;
(b) details of any significant changes in the Reporting Entity’s state of affairs during the financial year;
(c) the Reporting Entity’s principal activities during the year and any significant changes in the nature of those activities during the year;
(d) details of any matter or circumstance that has arisen since the end of the year that has significantly affected or may significantly affect:
(i) the Reporting Entity’s operations in future financial years;
(ii) the results of those operations in future financial years; or
(iii) the Reporting Entity’s state of affairs in future financial years; and
(e) likely developments in the Reporting Entity’s operations in future financial years and the expected results of those operations;
(f) A statement by the auditors that the accounts give a true and fair view of the state of the Reporting Entity’s affairs, profit and loss and additional information as may be required.
(2) The annual financial statements must be audited by an independent, competent and qualified auditor in accordance with the International Auditing and Assurance Standards Board Financial or other standards acceptable to the DFSA or where appropriate, AAOIFI standards.
|As soon as
possible after the
but no later than
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
|Name :||Jane Coakley|
|Position :||Managing Director, Authorisation|
|Date :||30th March 2006|