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Onboarding Clients Online: Changes to SFC’s Code of Conduct Para 5.1
The remote onboarding of clients by SFC licensed intermediaries is facilitated by amendments to paragraph 5.1 of the Securities and Futures Commission’s (SFC) Code of Conduct for Persons Licensed by …
New HKEx Listing Decision Review Structure and Appointment of First Listing Review Committee
The Stock Exchange of Hong Kong Limited has announced the names of the members of its new Listing Review Committee, the sole review body for decisions of HKEx’s independent Listing Committee as of 6 July 2019.
SFC Reminds Listed Companies of Duties on Corporate Acquisitions and Disposals
Due to the increasing number of letters of concern sent in 2017-2018, SFC issued a reminder to directors on their statutory and legal duties in corporate acquisitions and disposals.
HKEx Amends Russia Country Guide for International Companies
The Russia Country Guide has thus been amended to extend its application to Russian international companies. Russian company seeking to list in Hong Kong was only able to list depositary receipts on Hong Kong’s Main Board.
Hong Kong SFC Issues New Guidance on Selling Complex Products
The SFC issued a Circular on 13 June 2019 informing licensed and registered intermediaries of new FAQs setting out further guidance on the regulatory requirements for sales of complex products in Hong Kong.
Hong Kong SFC Requires Enhanced Disclosure for Green or ESG Retail Funds
[show_newsletter_sitepath] HONG KONG LAW June 2019 PDF version Word version Hong Kong SFC Requires...
Hong Kong SFC Imposes HK$27 mln Fine for Sponsor Due Diligence Failures
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HKEx to Suspend Listed Issuers for Audit Disclaimers and Adverse Opinions
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Financial Reporting Council can Access PRC Audit Working Papers
[show_newsletter_sitepath] HONG KONG LAW June 2019 PDF version Word version Financial Reporting...
HKIAC Approved as Arbitration Venue for Russian Deals
As a ‘PAI’, the HKIAC will be able to handle corporate disputes involving parties from Russian special administrative regions which arise from agreements to carry out activities in such regions and relate to the ownership of stocks.
SFC Imposes Record Fines for Sponsor Failures
The SFC has reprimanded and imposed record fines totalling HK$ 786.7 million on four investment banks for IPO due diligence failures in their sponsorship of applications to list on the Stock Exchange of Hong Kong.
First virtual banking licences issued in Hong Kong
A total of 33 financial service providers have applied for the virtual banking licences, among them WeLab Holdings Limited, which operates WeLend, an online lending platform in Hong Kong.