Corporate & Securities partner Billy Au shared his insights on the SFC’s recent circular on tightening sponsor compliance in a recent article by IFR Asia.
While the rising listing applications in 2025 and recent downsizing in 2023 and 2024 have overstretched market participants like investment banks, audit firms and law firms, these parties have to maintain quality in supporting due diligence. Billy emphasised that sponsors remain fully responsible for ensuring complete legal, financial and business operational aspects of the sponsor’s due diligence.
