Archived Post for "Hong Kong Law"

On 9 March 2022, U.S. President Joseph R Biden Jr issued an Executive Order on Ensuring Responsible Development of Digital Assets initiating a comprehensive approach to cryptocurrency regulation and oversight

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

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

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

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

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

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

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.

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.