Author

Bryan Ng

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On 29 November 2016, the Market Misconduct Tribunal (MMT) issued a report finding that AcrossAsia Limited (AAL), its former Chairman and Independent Non-Executive Director (Cheok), and its Chief Executive Officer and Executive Director (Ang) breached the disclosure obligations under the Securities and Futures Ordinance (the SFO) by failing to disclose inside information as soon as reasonably practicable. This is the first concluded MMT case dealing with breaches of the disclosure obligations since it came into…