SFC would consider rules-based regulation

Author: | Published: 19 Nov 2009

The Securities and Futures Commission (SFC) is committed to principles-based regulation, but could consider some rules-based requirements if necessary.

Speaking at the Asia Capital Markets Forum on November 19, Mark Steward, the SFC’s head of enforcement, upheld the Commission’s belief in principles-based regulation but conceded that this could be blended with some rules:

“For the most part, principles-based regulation has...