Regulatory Alerts2020-06-03
Circular to Auditors of Capital Market Operators
The Securities and Exchange Commission reminds auditors of capital market operators of their statutory obligation to report prescribed matters within seven days of becoming aware of them. Auditors must lodge a written report with the Commission and send copies to the relevant market operator and, for broker-dealers, the Exchange. Failure to comply with this directive subjects the auditor to enforcement actions under section 209(4) of the Securities Industry Act, 2016.
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