Hong Kong’s Securities and Futures Commission releases a report on its review of the performance of The Stock Exchange of Hong Kong in regulating listing matters during 2024, according to a statement.
- SFC recommends the exchange to enhance its vetting of issuers’ internal control reviews
- Instead of relying on the confirmation from directors who have failed to maintain proper controls, it is recommended to consider requiring the issuer’s independent consultant to issue an opinion on the adequacy and effectiveness of the issuer’s internal controls
- To address late auditor resignations, SFC suggests to update market guidance, including requiring issuers to ...
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