Hong Kong Law
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SFC Publishes Consultation Conclusions on Amendments to the Professional Investor Regime and Further Consultation on Client Agreement Requirements
The Securities and Futures Commission (SFC) has published its consultation conclusions (Consultation Conclusions) on proposed amendments to intermediaries’ obligations in relation to professional investors…
SFC Takeovers Update – Takeovers Bulletin No 30
The latest issue of the SFC’s Takeovers Bulletin (the Bulletin) published on 30 September: clarifies that where an offer is unconditional from the outset, associates who are not concert parties of the offeror need…
HKEx Publishes Concept Paper on Weighted Voting Rights
The Stock Exchange of Hong Kong (the Exchange) has published a Concept Paper on Weighted Voting Rights seeking views on whether companies with governance structures giving certain persons voting power or other…
HKEx Stops Initial Check of IPO Application Proofs
The Hong Kong Stock Exchange (the Exchange) announced on Friday, 9 September 2014 that it will stop carrying out an Initial 3-Day Check of IPO Application Proofs with effect from 1 October 2014. This is due…
SFC Drops Proposed Amendments to Sponsors Prospectus Liability Provisions
The Securities and Futures Commission (SFC) has announced that proposed legislative amendments to make explicit that sponsors may be subject to criminal and civil liability for deficiencies in IPO prospectuses…
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).