Circular Letter and FAQ on directors' duties and obligations under the law

02 Apr 2013

The FSC is issuing this Circular Letter and FAQ to remind directors of all its licensees and reporting issuers of their duties and obligations under the law. This is in line with provisions of the Economic and Financial Measures (Miscellaneous Provisions) Act 2012 whereby the Financial Services Act 2007 was amended to enable the Chief Executive to direct any person to comply with any of the principles and practices of corporate governance laid down in the Code of Corporate Governance issued under the Financial Reporting Act.