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The SFC and prospectus liability
The SFC complained yesterday about deteriorating standards of sponsors' work in listing applications. Some of the blame lies with the SFC for abandoning in 2006 proposals to reform the law on prospectus liability. Until investors can effectively sue for a fraudulent prospectus, creating a stronger deterrent, the situation is unlikely to improve.
- CODEBANK LIMITED
- DELOITTE & TOUCHE CORPORATE FINANCE LIMITED
- EURO-ASIA AGRICULTURAL (HOLDINGS) COMPANY LIMITED
- ICEA CAPITAL LIMITED
- SECURITIES AND FUTURES COMMISSION