a listed issuer breaches the Main LR, can enforcement action be taken against
its directors or directors of the management company where the listed issuer is
a collective investment scheme (“CIS”)?
enforcement action can be taken against a director of a listed issuer or a
director of the management company of a CIS, 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.