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ICAC signs MoU with FRC to enhance collaboration in upholding the integrity of the financial market
29 Sep, 2021

The Independent Commission Against Corruption (ICAC) and the Financial Reporting Council (FRC) today (September 29) entered into a Memorandum of Understanding (MoU) which signified the Commission’s continual efforts to enhance collaboration with financial regulators in the fight against corruption, illicit activities and malpractices.

Speaking at the MoU signing ceremony, ICAC Commissioner Mr Simon Peh Yun-lu said close collaboration with financial regulators helped maximise the concerted efforts in combating corruption, illicit activities and malpractice in the financial market, strengthen ethical governance of listed companies, and enhance good conduct of related professionals and corporate executives.

FRC Chairman Dr Kelvin Wong said: “The MoU has strengthened the spectrum of regulatory collaboration between the FRC and the ICAC. It will enable us to expand and expedite our cooperation on case referrals, joint operations on investigations, training and exchange of information. Through the MoU, I am confident that we will achieve our mutual goal of combating misconduct in Hong Kong’s financial markets, thereby maintaining Hong Kong’s reputation as a fair and competitive international financial centre.”

For details, please click here.