Fund products receiving private pension investment must have "safe" and "stable" operations and focus on long-term value preservation.
November 7, 2022The changes will ease the burden on SMEs, enhance executive responsibility over accounting controls, and triple whistleblower rewards.
October 12, 2022The guidance provides a reference for how independent directors should be selected, how they should perform their duties, and their role in audit committees.
October 5, 2022PCAOB inspectors have been in Hong Kong this week to commence audit inspections of US-listed Chinese companies at PwC and KPMG’s offices.
September 23, 2022The bank has been incorrectly sending debt collection notices to non-debtors for ten years due to poor internal controls, the FSC said.
September 12, 2022Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.
September 7, 2022The ORX Reference Control Library contains 761 typical operational risk controls based on data collected from nearly 50 banks and insurers.
September 2, 2022The rules cover internal controls in relation to investment management, related party transactions, and risk reserves, among other areas.
August 29, 2022The guidelines will help to standardise banks' practices for valuing financial instruments and improve the comparability of reported financial indicators.
August 16, 2022Securities firms will be allowed to design more diversified trust products, enabling them to better meet customers' financial planning needs, the FSC said.
August 11, 2022