Archived Post for "Hong Kong Law"

The HKEX has published a Consultation Paper on proposals to expand the paperless listing regime. This follows the adoption of various paperless initiatives in 2021 to improve efficiency and lower costs.

Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Ordinance 2022 gazetted on 23 December 2022 which enacts a Hong Kong foreign source income exemption regime for passive income

HK Legco delays the Implementation Timetable of the Hong Kong VASP Regime and the SFC issues a statement on VA Arrangements in Hong Kong.

The SFC and CSRC held its 13th high-level meeting on enforcement cooperation. It included a briefing on recent enforcement outcomes and cooperation, and a consensus to further their cooperation in future.

The SFC actions included an order under s214 SFO for Sound Global’s chairman to purchase shareholders’ shares and the first conviction of an individual under s382 SFO for obstructing SFC search operations.

The SFC issued Practice Note 24 regarding receivers, liquidators and when to commence offer period(s) based upon its observations following the SFC Takeovers Bulletin No. 52 of March 2020.

The SFC issued its Circular on Virtual Asset Futures Exchange Traded Funds setting out the requirements under which it will consider authorising Virtual Asset Futures ETFs for public offering in Hong Kong.

HKEx issued a revised enforcement sanctions statement and new cooperation guidance on the factors considered in determining sanctions for breaches of the HKEx Listing Rules.

Hong Kong Government issues Policy Statement on the Development of Virtual Assets in Hong Kong during HK Fintech Week 2022 expressing its willingness to calibrate the Local Legal and Regulatory Regime for VA.

The HKEx, SFC and HKMA Disciplinary Actions in September 2022 involved suspensions for breaching the SFC Code of Conduct, fines for contravening the AMLO, and imposing a director unsuitability statement