Regulatory Alerts2020-06-03
Circular to Auditors of Capital Market Operators
The Securities and Exchange Commission mandates that auditors of capital market operators lodge written reports on prescribed matters within seven days of becoming aware of them. These reports must be submitted directly to the Commission, with copies forwarded to the respective market operators and, for broker-dealers, their relevant Exchange. Non-compliance with this directive triggers enforcement actions under section 209(4) of the Securities Industry Act, 2016.
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