The Securities and Futures Commission (“SFC”) has gazetted amendments to the relevant rules under the Securities and Futures Ordinance and to the Code of Conduct for Persons Licensed by or Registered with the…
Archived Post for "Hong Kong Law"
New Sponsor Requirements
New eligibility criteria and on-going obligations for sponsors will be implemented by the SFC with effect from January 1, 2007. Under the new regime, only corporate advisory firms meeting the new eligibility criteria…
SFC to Implement Securities Collateral Re-pledging Limited in 2 Phases
The SFC published a press release on February 6, 2006 confirming its intention to proceed immediately with its proposal to set a securities collateral re-pledging limit in light of the general support by members of…
SFC HKEx Publishes Discussion Paper on Gem
Hong Kong Exchanges and Clearing Limited (‘HKEx’) published its discussion paper on the Growth Enterprise Market (the ‘Discussion Paper’) on 20 January, 2006. The Discussion Paper does not contain a solution for GEM…
Stock Exchange Proposes Abolition of Requirement for Main Board Issuers to Publish Paid Announcements in Newspapers
The Stock Exchange of Hong Kong Limited (the “Exchange”) has published an exposure paper with regard to its proposal to abolish the requirement for Main Board issuers to publish paid announcements in the newspapers…
SFC Launches a Six-Point Plan for the Derivative Warrants Market
The Securities and Futures Commission has released its ‘Report on the Derivative Warrants Market in Hong Kong’ which includes its Six-Point Plan for improving the market
HKEx Invites Comments on the Derivative Warrants Market
The Hong Kong Stock Exchange has published an article on derivative warrants that includes a discussion of the listing rule requirements and a discussion on the recent debate on derivative warrants
Amendments To The Hedge Fund Guidelines Effective 30 September 2005
Amendments to the Hedge Fund Guidelines in Chapter 8.7 of the Code on Unit Trusts and Mutual Funds came into effect on 30 September 2005. This note summarises the principal revisions to the Guidelines.
SFC Publishes Consultation Paper on Possible Reforms to the Companies Ordinance Prospectus Regime
The Securities and Futures Commission has published a consultation paper setting out its proposals for the final phase of its modernisation of the regime governing the public offering of shares and debentures
Amendments To The Definitions Of “Regulated Activities” In Schedule 5 To The Securities And Futures Ordinance To Take Effect On 9 December 2005
The Securities and Futures Commission has published its Consultation Conclusions on the amendments to Schedule 5 to the Securities and Futures Ordinance proposed in its February Consultation Paper.