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Amendments

Title:

Regulations Governing the Establishment of Internal Control Systems by Service Enterprises in Securities and Futures Markets  CH

Amended Date: 2021.09.30 (Articles 36-2 amended,English version coming soon)
Current English version amended on 2019.03.15 

Title: Regulations Governing the Establishment of Internal Control Systems by Service Enterprises in Securities and Futures Markets(2004.01.12)
Date:
Article 22 A service enterprise's internal control systems, of which it carries out self-inspections, shall be categorized as either effective or significantly defective by whether or not they can reasonably ensure the following:
1. That the board of directors and the general manager know the degree of achievement of operational effectiveness and efficiency objectives;
2. That financial reporting is reliable; and
3. That applicable acts and regulations have been complied with.
Article 23 A service enterprise shall conduct self-inspection of the efficacy of the design and execution of its internal control systems each year and submit to the SFC for recordation the internal control system statement within four months from the end of each fiscal year in the format prescribed by the SFC.
Any service enterprise that is also a public stock issuer shall publicly announce and report the internal control system statement referred to in the preceding paragraph on the websites designated by the SFC; further submission of a hard copy thereof to the SFC is not required.
The internal control system statement referred to in paragraph 1 shall be published in the enterprise's annual report and prospectus in conformity with relevant provisions.