For the six months ended 30 June 2021
| (1) Enforcement Cases and Investigations |
|
Six months ended
30/6/2021 |
Six months ended
30/6/2020 |
Six months ended
30/6/2019 |
|
MB |
GEM |
Total |
MB |
GEM |
Total |
MB |
GEM |
Total |
| Cases |
109
|
26
|
135
|
70
|
14
|
84
|
64
|
21
|
85
|
| Investigations commenced |
26
|
7
|
33 |
26 |
6 |
32 |
-- |
-- |
-- |
| Investigations completed |
26
|
7 |
33 |
19 |
5 |
24 |
-- |
-- |
-- |
| |
The average time for completion of an investigation for the six months ended 30 June 2021 was 10.1 months.
In carrying out the Exchange’s regulatory functions, during the six months ended 30 June 2021, the Listing Division has made 55 referrals to other law enforcement agencies and regulators. |
| |
| Notes: |
| (1) |
The Cases figures represent cases handled by Enforcement during the reporting period, including those carried over to the relevant period and those not concluded at the end of the relevant period. The figures exclude cases which were suspended as at the end of the reporting period. |
| (2) |
An investigation is completed when the regulatory action to be taken is decided.
|
| (3) |
The statistics for investigations “commenced” and “completed” during the year are newly published from 2020. No prior figures are disclosed. |
| |
|
|
| (2) Enforcement Actions and Sanctions |
|
| |
|
|
Six months ended
30/6/2021 |
Six months ended
30/6/2020 |
Six months ended
30/6/2019 |
| Disciplinary actions commenced |
9 |
8 |
9 |
| Disciplinary actions concluded |
22 |
9 |
3 |
| Sanctions/Directions |
|
|
Issuers |
Individuals |
Issuers |
Individuals |
Issuers |
Individuals |
| Prejudice statements |
-- |
36 |
-- |
7 |
-- |
0 |
| Public censures |
12 |
56 |
3 |
15 |
3 |
15 |
| Public statements involving criticism |
2 |
30 |
1 |
21 |
1 |
0 |
| Private reprimands |
0 |
6 |
0 |
3 |
0 |
0 |
| Internal control review |
4 |
-- |
0 |
-- |
0 |
-- |
| Appointment of compliance adviser |
1 |
-- |
0 |
-- |
1 |
-- |
| Director training |
-- |
75 |
-- |
2 |
-- |
15 |
| Regulatory letters issued by Enforcement |
6 |
19 |
5 |
8 |
5 |
10 |
| Notes: |
| (1) |
A disciplinary action is concluded after the hearing/final review and: (i) where a public sanction is imposed, its outcome is published; or (ii) where no public sanction is imposed, the decision letter is issued. |
| (2) |
“Prejudice statements” include sanctions in which, in addition to a public censure, the Exchange makes a statement of opinion under Chapter 2A (GEM: Chapter 3) that the retention of office by that director is/would have been prejudicial to the interests of investors. |
| (3) |
The figures for “Public censures” exclude those individuals subject to a Prejudice statement. |