香港法律

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.

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.

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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)

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.

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.

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

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 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.

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 ….

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.