(1) Subject to sub-regulations (1) and (2), an incorporated cell company shall file audited financial statements as required under the Act.
(2) The audited financial statements referred to in sub-regulation (1) shall be prepared on a consolidated basis, including each incorporated cell that is linked to the incorporated cell company.
(3) Separate audited financial statements and actuarial opinions for each incorporated cell shall not be required.
(4) Unaudited management financial statements for each incorporated cell shall be provided to the incorporated cell company, within 3 months of the financial year end, and shall be made available to the Director upon his or her request.
(5) Where the Director has concerns about the accuracy of the unaudited management financial statements of an incorporated cell, the Director may require further information of the international cell company and where information is not provided or the inquiry not satisfied the Director may require the preparing and filing of audited accounts in respect of that incorporated cell.