The Securities and Futures Commission (SFC) of Hong Kong should be subject to internal checks and monitoring by a community-based committee, the city's top prosecutor said yesterday. Director of public prosecutions Kevin Zervos, who earlier called for the investigatory body to be stripped of its powers to prosecute, said that at the very least the SFC should be appropriately regulated, to ensure proper use of its powers and to prevent any internal misappropriation.
August 29, 2013 at 11:55 PM
1 minute read
The original version of this story was published on Legalweek
The Securities and Futures Commission (SFC) of Hong Kong should be subject to internal checks and monitoring by a community-based committee, the city’s top prosecutor said yesterday.
Director of public prosecutions Kevin Zervos, who earlier called for the investigatory body to be stripped of its powers to prosecute, said that at the very least the SFC should be appropriately regulated, to ensure proper use of its powers and to prevent any internal misappropriation.
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