Hong Kong Law
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SFC Comments to Focus on Substantive Takeovers Code Issues
The Takeovers Bulletin (see archive) published by the Securities and Futures Commission (SFC) in June 2014 sets out the Executive’s new approach to commenting on documents which will focus on substantive Code issues…
FSTB Publishes Consultation Conclusions on Improving Corporate Insolvency Law and Proposals for a New Statutory Corporate Rescue Procedure
In April 2013, the Financial Services and the Treasury Bureau (FSTB) launched a three-month public consultation (the Consultation) on proposals to improve the corporate insolvency and winding-up provisions…
HKMA-SFC Consult on Rules Imposing Mandatory Reporting Obligations for OTC Derivative Transactions
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have published a consultation paper (see archive) on the proposed mandatory reporting and record keeping obligations being…
FSDC Publishes Recommendations for Positioning Hong Kong as a Preferred International Listing Venue
On 18 June, 2014 the Financial Services Development Council (FSDC) released a research report titled “Positioning Hong Kong as an International IPO Centre of Choice” (the Report) setting out key areas for…
FSTB Consults on Increasing Independence of Regulatory Regime for Listed Entity Auditors
The Financial Services and the Treasury Bureau (the FSTB) has published a consultation paper (Consultation Paper) setting out proposals to enhance the independence of the regulatory regime governing auditors…
Takeovers Panel rules the Codes apply to SouthGobi Resources Limited
The Takeovers and Mergers Panel (the Panel) has ruled that SouthGobi Resources Limited (SouthGobi) should be considered a ‘public company in Hong Kong’ under the Codes on Takeovers and Mergers and Share Buy-backs…
SFC Proposes Additional Exemptions from Part XV Disclosure Requirements
The Securities and Futures Commission (SFC) is proposing to add two more categories of exemptions from the disclosure-of-interests requirement under Part XV of the Securities and Futures Ordinance (SFO) (Part XV).
SFC Publishes Assessment Questions for Effective Business Continuity Plans
The Licensing Department of the Securities and Futures Commission (the SFC) has issued a circular (see archive) to licensed corporations containing a non-exhaustive list of self-assessment questions to which…
The Exchange Consults on Internal Controls Section of the Corporate Governance Code
The Stock Exchange of Hong Kong Limited (the Exchange) has published a consultation paper (Consultation Paper) (see archive) on proposed changes to the internal controls section of the Corporate Governance Code…
PRC Ministry of Finance Releases Draft Regulations on Cross-Border Audit Services
On 21 April 2014, the Accounting Division of the Ministry of Finance (MOF) released for consultation its provisional regulations on “cross-border audit services” (the Provisional Regulations) accompanied by the…
Hong Kong Stock Exchange Publishes Guidance Letter on Reverse Takeover Rules
The Hong Kong Stock Exchange (the Exchange) has published guidance letter HKEx-GL78-14 , which reflects the Exchange’s current practice in application of the reverse takeover (RTO) requirements under the Listing…
Exchange Publishes Guidance on Listed Issuers Use of Structured Contracts
The Stock Exchange of Hong Kong (the Exchange) has issued Guidance Letter HKEx-GL77-14 (the Letter), providing guidance on disclosure requirements and other requirements in relation to the use of…