Friday, March 31, 2017

Exchange and delisted due to accounting firms stopped work three months probation



[Goyounghun financial newspaper reporter Korea - Korea Exchange said that specify or suspended the Management Company delisting when submitting the periodic reports of listed companies due to delays in the disposal of such work stopped on the 31st fiscal entity for up to 3 months.

To amend the securities market, KOSDAQ Listed regulations enforcement regulations to be implemented from this day.

If after delisting reasons of capital erosion occurs particular purpose audit report to prove that the reason for eliminating the delay in submission of reasons, such as accounting firms stopped work after statutory deadline to submit up to three months that will grace the delisting whether the audit.

Exchange side will be explained by the grace of market management measures such as designated events prevented rational investors and increase confusion in the public administration.



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