SFC and AFRC join forces to combat misconduct by listed issuers

13 Jul, 2023

The Securities and Futures Commission (SFC) and the Accounting and Financial Reporting Council (AFRC) today issued the first joint statement as part of their enhanced collaboration in the regulation of the securities and futures markets in Hong Kong.

The statement includes the SFC’s and AFRC’s observations on listed issuers granting dubious loans. It also sets out the conduct standards and practices that listed issuers, their directors, audit committees and auditors should adhere to in relation to loans and similar arrangements.

The SFC and AFRC will continue to work together to maintain the integrity of Hong Kong’s capital market and protect the interests of the investing public.

For details, please click here.

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