Financial Reporting Council Ordinance
Statement of Protocol
To facilitate the FRC in discharging its statutory oversight duty effectively as the independent auditor regulator of Hong Kong, the FRC signed a
Statement of Protocol on Oversight Arrangements with the Hong Kong Institute of Certified Public Accountants in 2019.
Memoranda of Understanding
The FRC believes that the globalisation of financial markets and the increase in cross-border investment activities require greater levels of collaboration and mutual reliance among regulators. Over the years, the FRC has been fostering effective collaborations with the following regulatory and professional bodies in Hong Kong, Mainland China and overseas through signing Memoranda of Understanding with an aim of enhancing investor protection: