The Securities and Futures Commission indicated that it encountered repeated obstruction from brokerages during the inspection period and issued a warning for the most serious cases of suspension

The Securities and Futures Commission today issued a circular to all licensed corporations, reminding them to fully cooperate during inspections and comply with statutory responsibilities. Recently, it has been found that some corporations have engaged in improper behaviors such as delaying responses and submitting inaccurate documents, and even deliberately obstructing inspections. The Securities and Futures Commission emphasized that it will take such obstructive behaviors seriously and may impose measures such as restricting licenses and suspending the acceptance of new clients. In severe cases, criminal prosecution or disciplinary action may be faced. The management of licensed corporations must personally ensure cooperation and bear the responsibility for non-cooperation