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Hong Kong’s FRC enhances collaboration with the SFC
Joe Pickard February 25, 2021 (Last Updated February 25th, 2021 10:03)
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Hong Kong’s Financial Reporting Council (FRC) has signed an MoU with the Securities and Futures Commission (SFC) to strengthen the regulation of capital markets through collaboration between the two regulators.
Under the MoU, which took effect yesterday (24 February), the FRC and SFC agreed to develop a closer collaboration in the regulation of the securities and futures market, particularly in relation to the regulation under their respective supervisory regimes of listed entity auditors and compliance by listed entities with financial reporting requirements.