Skip Ribbon Commands
Skip to main content

FAQ 16.8

Enforcement

​16.8If a listed issuer breaches the Main LR, can enforcement action be taken against its directors?
​ ​

​Yes, enforcement action can be taken against a director of a listed issuer, where the listed issuer has breached the Main LR under the circumstances referred to in paragraph 16.13 of the Main LR. In addition, enforcement action can also be taken against a director if he breaches an obligation imposed specifically on him as a director pursuant to the Main LR.