Hong Kong Law
Newsletters
SFC Updates FAQs on Compliance with Suitability Obligations and Requirements for Complex Products
On 23 December 2020, the SFC published a circular to intermediaries outlining updates to the FAQs on compliance with suitability obligations and requirements for complex products.
UK Listing Review Recommendations for Reform of the LSE Listing Rules
The UK Listing Review published recommendations for reform of the Listing Rules, including allowing companies with dual class share structures to list on the premium segment, reducing free float requirements and relaxing SPAC rules.
Crypto 2021 – Looking Forward
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Steering Group Announces Green and Sustainable Finance Strategy for Hong Kong
The Cross-agency Steering Group announced its Strategic Plan on 17 December 2020, outlining six key focus areas and five near-term action points to promote green finance in Hong Kong. (204 characters with space)
Hong Kong 2021/2022 Budget – Market Highlights
On 24 February 2021, the Financial Secretary delivered Hong Kong’s 2021/2022 Budget Speech outlining various measures to support and enhance Hong Kong’s position as an international finance hub.
HKEx Publishes Findings of Latest Review of Issuers’ Annual Report Disclosures
The HKEx published its latest review of issuers’ annual report disclosures, which focused on issuers’ compliance with the HKEx Listing Rules and reviewed issuers’ financial statements.
SFC Consults on Proposed Code of Conduct on Hong Kong Bookbuilding and Placing Activities and Proposal on HKEx Sponsor Coupling
The SFC published a consultation outlining proposals to introduce a Code of Conduct on Bookbuilding and Placing Activities and separately, a proposal on Sponsor Coupling
SFC consults on changes to Competency Requirements for Licensed Intermediaries and Individuals
The SFC published a consultation paper on 11 December 2020 on proposals to increase the entry requirements for licence applicants and the ongoing competency standards for individual practitioners.
Charltons Responds to HKEX Consultation on Main Board Profit Requirement on behalf of 10 sponsor firms
Charltons responded on 11 Jan 2021 to HKEX’s Consultation Paper: The Main Board Profit Requirement on behalf of a group of 10 sponsor firms opposing the proposed increase in the profit requirement for listing.
SFC Takeovers Bulletin No. 55 on Takeovers Code Breaches and Regulatory Reminders
The Takeovers Bulletin No.55 was issued in December 2020, in which SFC outlined two breaches of the mandatory general offer obligation, alerted offerors on identifying regulatory approvals and additional delisting ….
SFC Consults on Investor Identification Regime and OTC Securities Transactions Reporting Regime
The SFC published a consultation outlining proposals to introduce an investor identification regime for the HK securities market at the trading level and an OTC securities transactions reporting regime.
Hong Kong Government Announces New Social Distancing Measures
The Hong Kong Government has tightened social distancing measures until 23 December 2020 in view of the latest wave of COVID-19. Regulations under Cap.599 will also be extended until 31 March 2021.