According to the provision 20.1.6 of Securities Market Law and 10.3 of the Accounting Law, a securities issuer shall have an obligation to submit to the stock exchange semi-annual financial and operational reports by July 20th of each year. MSE imposes sanctions including penalty to delisting on the listed companies that fail to fulfil the legal obligation.
As stated in the provision 4.11 “…MSE will impose requirements on the listed companies who failed to comply with disclosure requirements to remedy the violation within 10 days after detecting the violation and notify FRC of the listed companies that failed to remedy the violations” of the FRC Disclosure Rules, MSE provided a notice to the listed companies through its website on July 29, 2020 and August 01, 2020 on delivering financial and operational reports to MSE before August 10, 2020. According to this, MSE notified FRC on August 22, 2020 of the list of companies who failed to submit reports within the stated period.
Please click here to view the companies that fails to submit their financial reports.
Please click here to view the companies that fails to submit their operational reports.