RE: Blasing and processing17 Aug 2024 12:04
Way off the mark there Jaffa, if the BOD have PSI they have to disclose in a timely manner, they cant just keep in secret
Non-compliance with PSI disclosure requirements can lead to severe consequences, both legal and reputational. Under Part XIVA of the SFO, both the company and its directors can be held liable for failing to disclose PSI in a timely manner. Besides civil liabilities, in some serious cases, it may result in criminal liability. The SFC can take civil proceedings before the High Court, criminal proceedings before the District Court or proceedings before the Market Misconduct Tribunal (MMT). Both CCB and ICAC could also be involved depending on the nature of the case.