On March 29 2011 the SFC published its Report on Sponsor Theme Inspection Findings (the Report). The Report is the work of a specialised team (the SFC Team), set up in 2009, which operates as part of the SFC.
Archived Post for "Insights"
SFC Publishes Consultation Conclusions on the Draft Guidelines on Disclosure of Price Sensitive Information
The Securities and Futures Commission published, on 11 February 2011, Consultation Conclusions (the Conclusions) regarding the draft guidelines (the Guidelines) on the disclosure of price sensitive information…
UK Bribery Act 2010 to Come into Force – UK MOJ Publishes Guidance on Adequate Procedures Defence and DPP and SFO Publish Joint Prosecution Guidance
UK Bribery Act 2010 takes effect 1 July 2011, with MoJ adequate procedures guidance and SFO/DPP prosecution guidance.
HKEx Publishes Listing Decision Regarding Restrictions on Disposal After a Change in Control under Chapter 14 of the Listing Rules
HKEx published in March 2011, a listing decision (HKEx-LD7-2011) on an attempt by a Main Board issuer (“Company A”) to circumvent certain elements of the regulatory regime, set out in Chapter 14 of the Listing…
Companies Registry Implements One-Stop Electronic Incorporation and Business Registration Service
On January 21 2011 the Companies Registry (“CR”) published External Circular No. 1/2011 (“the Circular”), which discussed the coming into effect, on 21 February 2011, of Parts 2 and 5 of the Companies Amendment…
HKEx Issues New Guidance on the Requirements for the Publication of Overseas Regulatory Announcements
On 21 January 2011 the Stock Exchange of Hong Kong (the “Exchange”) published a guidance letter (the “Guidance Letter”) on the new requirements for the publication of overseas regulatory announcements under Main…
Mixed Media Offers allow Paper Application Forms with Electronic Prospectuses
The Hong Kong Stock Exchange has published materials on its website in relation to the “Mixed Media Offer” (“MMO”) framework which came into effect from 1 February 2011. A Mixed Media Offer is an offer procedure…
SFC Publishes Consultation Conclusions on the Evidential Requirements under the Securities and Futures Professional Investor Rules
The Securities and Futures Commission (“SFC”) published on 23 February 2011 Consultation Conclusions regarding proposals to refine the requirements for evidencing whether a person qualifies as a high-net-worth…
FSTB Publishes Consultation Conclusions on Statutory Backing to Price Sensitive Information Disclosure Requirements
The Financial Services and Treasury Bureau (“FSTB”) published on 11 February 2011 Consultation Conclusions (the “Conclusions”) on proposals to grant statutory backing to price sensitive information (“PSI”)…
The UKBribery Act 2010 – the Implications for Businesses Operating in Asia
The extensive jurisdictional reach of the UK Bribery Act 2010 (the “Act”), when it is finally implemented, will have significant implications for businesses operating in Asia which have a UK connection and for…