In view of recent observations regarding dubious lending practices or loan arrangements of
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In view of recent observations regarding dubious lending practices or loan arrangements of issuers involving financial assets of the issuer firm, the Securities and Futures Commission (SFC) and the Accounting and Financial Reporting Council (AFRC) have jointly published a statement in this context. Specifically, the regulators have noticed an increase in activities, where issuers seem to channel funds to third parties under the pretext ...