Leanette Ko

Oct 5, 2023 | lexology.com | Hannah Cassidy |Kyle Wombolt |Gareth Thomas |Rachael Shek |Leanette Ko

Earlier this year, we reported on the introduction of the first joint statement between the Securities and Futures Commission (SFC) and the Accounting and Financial Reporting Council (AFRC) (please see our July 2023 bulletin). More recently, the AFRC entered into a new Memorandum of Understanding (MoU) with the Hong Kong Monetary Authority (HKMA) to strengthen co-operation between the parties (Parties). The new MoU supersedes the previous MoU signed on 19 November 2007.