The Hong Kong Government has tightened social distancing measures until 23 December 2020 in view of the latest wave of COVID-19. Regulations under Cap.599 will also be extended until 31 March 2021.
Archived Post for "Hong Kong Law"
HKEx Consults on Proposal to Increase the Main Board Profit Requirement
The HKEx published a consultation paper outlining proposals to increase the Main Board Profit Requirement to bring it in line with the Market Capitalisation Requirement.
HKEx Consults on Proposal to Streamline IPO Settlement Process
The HKEx published a concept paper outlining a proposal to streamline the IPO settlement process which would see the settlement timeline shortened to one business day from the current five business days.
SFC Consults on Climate-risk Requirements for Fund Managers
Hong Kong’s SFC published a consultation paper on the management and disclosure of climate-related risks by fund managers outlining proposed amendments to the Fund Manager Code of Conduct.
FSTB Consults on Proposed Registration Regime for Dealers in Precious Metals and Stones
Hong Kong’s FSTB published proposals for a registration regime for dealers in precious metals and stones (DPMS) in line with FATF recommendations in an effort to enhance AML/CFT regulation.
FSTB Consults on Proposed Licensing Regime for Virtual Asset Exchanges
The FSTB published a consultation paper proposing a new licensing regime for virtual asset exchanges under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance on 3 November 2020.
HKEx Publishes Consultation Conclusions on Proposal to Permit Corporate WVR Beneficiaries
HKEx published conclusions to its consultation on corporate WVR beneficiaries with plans to allow Greater China Issuers meeting certain criteria as Qualifying Corporate WVR Issuers to secondary list under Ch.19C.
Hong Kong SFC Reprimands and Fines Goldman Sachs US$350 million
Hong Kong’s SFC reprimanded and fined Goldman Sachs US$350 million for serious regulatory failures that led to the misappropriation of US$2.6 billion in connection with the 1MBD bond transactions.
HKEx Publishes Consultation Conclusions on Codification of General Waivers Relating to IPOs and Listed Issuers and Minor Rule Amendments
The HKEx published the consultation conclusions on the codification of general waivers and principles relating to IPOs and listed issuers in addition to other minor rule amendments.
SFC Consults on Changes to AML and CFT Guidelines for Licensed Corporations
On 18 September 2020, the SFC published a Consultation Paper on proposals to amend its Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (for Licensed Corporations).