James Comber

Asian regulators cannot sit on the sidelines and deal with the issues quietly because of the increasing global nature of these probes, no one regulator wants to be seen as failing to take action on its turf.

SFC investigations are subject to statutory secrecy ... In general, this means the fact that an investigation has been commenced or any details about it cannot be disclosed without the SFC's consent, but if a company, its directors or officers are aware of underlying information related to an investigation that is not subject to statutory secrecy, they could potentially be liable for making false or misleading representations, or breaching ongoing disclosure requirements, if that information is not disclosed to investors.