BROKERS are sceptical about attempts to bring Hong Kong's disclosure regulations in line with international stock market standards.
Some have questioned the wisdom of the likely introduction of new rules following last week's report by a working group on financial disclosure.
''This market is not under-regulated, just enforcement is lax,'' said Clive Weedon, director of research at Nomura Research Institute.
The report is aimed at addressing some of the deficiencies in Hong Kong's financial disclosure requirements.
These include overhauling the system for developing accounting standards, upgrading the system for monitoring compliance with the standards, specific changes to disclosure requirements in the Stock Exchange Listing Rules and amendments to some of the disclosure requirements of the Companies Ordinance.
Mr Weedon agreed the system was not working well, but was uncertain whether or not the working group was on the right track.