S.L. 386.2 Art. 6Accounts of multi class companies.

(1) A multi class company having its share capital denominated in different currencies shall draw up its annual accounts in any one of such currencies.

(2) The provisions of subregulation (1) shall mutatis mutandis apply to the drawing up of any other reports or financial statements which may be required under the Act or by the competent authority.

(3) For the purposes of subregulations (1) and (2), the conversion from the base currency of a class of shares into the currency in which the annual accounts of the multi class company are to be drawn up shall be in accordance with generally accepted accounting principles.