(1) A stock exchange shall establish and keep proper accounts of its fidelity fund and shall within three months after the end of each financial year cause a balance-sheet of the account as at the end of that financial year to be prepared.

(2) The council of the stock exchange shall appoint an auditor to audit the account of the fidelity fund.

(3) The auditor appointed by the council shall regularly and fully audit the accounts of the fidelity fund and shall audit each balance-sheet and cause it to be laid before the council not later than 3 months after the balance-sheet is made out.