Legal

Financial Reporting Council Ordinance​

https://www.elegislation.gov.hk/hk/cap588!en?_lang=en

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 b​odies in Hong Kong, Mainland China and overseas through signing Memoranda of Understanding with an aim of enhancing investor protection:​

• The Hong Kong Institute of Certified Public Accountants (HKICPA) (2008)
• The Hong Kong Monetary Authority (HKMA) (2007)
  
• The Insurance Authority (IA) (2007)
• The Securities and Futures Commission (SFC) (2007)
  
• The Stock Exchange of Hong Kong Limited (SEHK) (2007)​​