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(1) An issuer of corporate securities to the public shall make available to the Commission, shareholders and bondholders and the Stock Exchange on which it is listed before the expiry of one month from the end of each quarter, financial statements for the quarter which contain the particulars specified in this regulation and any other information that may be specified by the Commission, but if an issuer can circulate to the Commission, stock exchange, shareholders and bondholders its annual report before the expiry of 2 months from the end of the financial year, it will be exempt from circulating the fourth quarter financial statements.

(2) The quarterly financial statements shall

(a) be signed by either two directors of the issuer or one director and the chief executive officer;

(b) be presented on a basis consistent with the presentation adopted by the company in its most recent annual financial statements;

(c) be presented primarily on a year to date basis except where the disclosure of events or transactions material to the quarter is required under these regulations or is relevant or material to explain the performance of the issuer for the interim period.

(3) The issuer may exercise the option to publish the quarterly financial statements in the press instead of despatching the statements to each shareholder individually.

(4) In the event that an issuer exercises the option specified in sub-regulation (3), the financial statements shall be published in at least two newspapers of national circulation.