Recent HKEx and SFC Disciplinary Actions in February including censures, imposing a prejudice to investors’ interests statement, fining, banning for life, and requiring training on regulatory and legal topics
Archived Post for "Hong Kong Law"
SFC Enforcement Actions in January and February 2022
The SFC and HKEX brought a number of disciplinary actions against SFC-licensed intermediaries for regulatory breaches and against HKEX-listed companies for corporate misconduct in the last two months of 2021
HKEX update on timing relief for HKEX listed issuers for the publication of 2021 preliminary financial results
The HKEX published an updated FAQ on the SFC and HKEX joint statement issued on 4 February 2020 on giving timing relief to HKEX listed issuers for the publication of 2021 preliminary financial results
HKEX and SFC Disciplinary Actions in November to December 2021
The SFC and HKEX brought a number of disciplinary actions against SFC-licensed intermediaries for regulatory breaches and against HKEX-listed companies for corporate misconduct in the last two months of 2021
SFC and HKMA Issue Joint Circular on Intermediaries’ Virtual Asset-related Activities
The SFC/HKMA circular of 28th January 2022 sets out guidance for intermediaries distributing virtual asset-related products or providing virtual asset dealing or advisory services
HKMA Issues Proposals for Regulating Payment-related Stablecoins
On 12 January 2022, the HKMA published a Discussion Paper on Crypto-assets and Stablecoins seeking views on proposals to regulate various activities in payment-related stablecoins
HKEX’s New Listing Regime for Overseas Issuers Effective 1 January 2022
Revised HKEX Listing Rules took effect on 1 January 2022 simplifying the listing regime for companies incorporated outside Hong Kong and the PRC and extending opportunities for Chinese homecoming listings.
HKEX Corporate Governance Code and Listing Rule Changes Effective 1 Jan 2022
Corporate Governance Code and related Listing Rule amendments took effect on 1 January 2022, while a requirement to appoint a new INED if issuers’ INEDs have all served 9 years takes effect on 1 January 2023.
Overview of HKEX’s New SPAC Listing Regime
HKEX’s new listing regime allowing SPACs to list on the HKEX’s Main Board will take effect on 1 January 2022 under amendments to the HKEX Listing Rules, including new Chapter 18B on SPAC listings
HKEX Publishes Consultation Conclusions on Hong Kong SPACs
On 17 December 2021, the Stock Exchange of Hong Kong Limited (HKEX) published conclusions to its consultation on creating a listing regime for special purpose acquisition companies (SPACs) in Hong Kong (the HKEX SPAC Consultation Conclusions) with the relevant amendment…