Financial reporting
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Hong Kong regulator fines EFG Bank more than $1.3m for multiple failures
The SFC said the penalty is due to failures relating to product due diligence, recordkeeping, and late reporting.
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Canada’s SAR pilot program and a possible rule change from the SEC
Voluntarily adoption of semi-annual financial reporting (SAR) as part of a multi-year pilot is inline with SEC Chair Atkins supporting a shift from quarterly reporting.
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PCAOB imposes $100k civil money penalty on New York-based audit firm
A failure to adhere to standards for communications between predecessor and successor auditors is at the heart of the violation.
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OPINION: SEC’s IFRS threat – what it means for global sustainability reporting
Paul Atkins has threatened to ban overseas companies from using IFRS if they include any sustainability concerns.
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Opinion: IFRS Foundation funding concerns central to Atkins’s OECD remarks
A closer reading of the Chair’s comments in the speech shows, as a primary focus, explicit and very prosaic concerns about the IFRS Foundation’s long-term solvency and stability.
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FCA review of climate disclosures: A call for streamlining and simplicity
The FCA has outlined its next steps, which focus on enhancing and simplifying the sustainability reporting framework.
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Inside the collapse of Microsoft-backed UK tech unicorn Builder.ai
Top investors including Qatar are realising they may have backed a business that largely reported artificial revenues
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Reeves promises new legislation around reporting rules for UK firms
The announcement is another step in the government’s broader agenda to reshape the UK regulatory landscape and decrease burden on businesses.