Accounts maintenance obligations require special purpose distinct entities to present a true and fair view and follow accepted accounting principles.

A special purpose distinct entity must maintain proper accounts and records to present a true and fair view of its and its schemes' assets, liabilities, income and expenditure and to satisfy disclosure requirements; scheme accounts must disclose the scheme's financial position as at the most recent payout date and both entity and scheme accounts must follow generally accepted accounting principles and applicable accounting guidance or Board specifications.

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