The Hong Kong Securities and Futures Commission (SFC) and the Accounting and
Financial Reporting Council (AFRC) signed a memorandum of understanding
expanding cooperation beyond listed-entity financial reporting and related
audits. The MoU covers financial and compliance reporting — and related audits
and assurance work by auditors — for licensed corporations, SFC-licensed virtual
asset service providers, SFC-authorized funds and registered open-ended funds
companies. It also establishes a comprehensive framework for information
sharing, case referrals, mutual assistance, and coordinated inspections and
investigations on matters of mutual regulatory concern.