Hong Kong’s securities regulator on Wednesday recommended strengthening the stock exchange’s regulations to better protect investors following a review of 2024 compliance and enforcement cases.
The regulator noted that while thestock exchange “had taken steps to respond to the recommendations made in the previous report published in late 2024”, the latest report “made further recommendations in several areas for improvement identified in this year’s topics”.
Likewise, the SFC recommended that the exchange enhance its vetting of firms’ internal control reviews.
In the event of late auditor resignations, which hinder companies’ timely release of financial information, the SFC recommended that the exchange update its market guidance to reduce the frequency of such occurrences.
