SFC's 'unnatural preoccupation' with IPO sponsors in cases of fraud

Author: | Published: 17 Oct 2018

The Securities and Futures Commission has set its sights on public offering sponsors in cases of listing fraud and listed company misconduct

Stock market regulation remains at the core of the Securities and Futures Commission's (SFC) responsibilities, despite a decades-long tussle with the Hong Kong Stock Exchange (HKEx) for control of related regulatory functions. A new sponsor regime introduced in 2013 sought to make initial public offerings (IPO) listing sponsors more explicitly accountable for the quality of IPOs and sponsors currently face heightened SFC scrutiny and threat of disciplinary action. Meanwhile, however, some of the perpetrators of listing fraud escape unpunished....


 

 

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