(1) For primary listings, the financial statements submitted with the application, and future periodic financial reports, must be prepared in accordance with Singapore Financial Reporting Standards ("FRS"), or International Financial Reporting Standard ("IFRS"), or US Generally Accepted Accounting Principles ("US GAAP"). Accounts that are prepared in accordance with IFRS or US GAAP need not be reconciled to FRS.

(2) For secondary listings, the financial statements submitted with the listing application, and future periodic financial reports, need only be reconciled to FRS, or IFRS, or US GAAP.