The Accounting and Financial Reporting Council (AFRC) in Hong Kong and the Securities Commission Malaysia (SC) have signed a memorandum of understanding (MoU) to enhance audit oversight and financial reporting compliance cooperation.
The agreement establishes a framework for consultation, information exchange and mutual assistance between the two regulators.
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It covers oversight of auditors and issuers’ compliance with financial reporting obligations administered or enforced by either party.
Areas included under the MoU span enforcement actions, enquiries, inspections, investigations, referral of cases, registration or recognition of auditors, and surveillance activities.
AFRC chairman David Sun said: “This MoU reflects the shared priorities of the AFRC and the Securities Commission Malaysia in strengthening regulatory collaboration, upholding market integrity and supporting the healthy development of capital markets in both jurisdictions.
“Through closer cooperation, we can further enhance the quality of financial reporting and auditing, while reinforcing confidence among investors and other stakeholders.”
The MoU was signed by AFRC CEO officer Janey Lai and SC Malaysia executive director and audit head Alex Ooi.
The signing took place in the presence of HKSAR Government Treasury Financial Services Secretary Christopher Hui and SC Malaysia chairman Dato’ Mohammad Faiz Azmi.
Azmi said: “The Malaysia’s Capital Market Masterplan 2026–2030 aims to achieve stronger regional connectivity and cross-border investments.
“This MoU with the AFRC will facilitate robust cross-border cooperation that is vital to sustaining trust and resilience of our capital markets.”
