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  About the FRC >Funding
 
 

The FRC is funded by four parties - the Companies Registry Trading Fund, the Securities and Futures Commission, the Hong Kong Exchanges and Clearing Limited and the Hong Kong Institute of Certified Public Accountants.  The four parties have signed a Memorandum of Understanding under which they have agreed to contribute:-

HK$5 million each (a one-off total of HK$20 million) to establish a Reserve Fund;
HK$4 million each (a total of HK$16 million) for the recurring expenses of the FRC in 2010; and
Contributions for the recurring expenses will be adjusted for inflation from 2011 to 2014.

 

 

 

 

 
Page last updated: 1 January 2010