The SFC has reprimanded and imposed record fines totalling HK$ 786.7 million on four investment banks for IPO due diligence failures in their sponsorship of applications to list on the Stock Exchange of Hong Kong.
Archived Post for "Hong Kong Law"
First virtual banking licences issued in Hong Kong
A total of 33 financial service providers have applied for the virtual banking licences, among them WeLab Holdings Limited, which operates WeLend, an online lending platform in Hong Kong.
HKEx Listing Rule Amendments Take Effect on 1 March 2019
Amendments to the Listing Rules of the HKEx took effect on 1 March 2019 changing the documentary requirements for listing applicants and listed companies and making other minor housekeeping amendments.
Statement on Security Token Offerings Published by Hong Kong’s SFC
The SFC made a statement on the regulatory requirements for security token offerings and the risks of investing in virtual assets. Security tokens fall under the definition of “securities” under the SFO.
Hong Kong Consults on Paperless Securities Market
On 28 January 2019, the SFC, HKEx and the Federation of Share Registrars Limited released a joint consultation paper on a new mechanism for implementing an uncertificated securities market regime in Hong Kong.
New Licensing Forms and Mandatory Electronic Filings Required by the SFC
Starting from 11 April 2019, the SFC will require licensing applications to be made with new licensing forms, and annual returns and notifications to be submitted electronically through the SFC Online Portal.
New Listing Committee Decision Review Structure for HKEx in 2019
The Stock Exchange of Hong Kong has published its consultation conclusions on its proposed revision of the review structure for Listing Committee decisions set out in its 10 August 2018 consultation paper.
Hong Kong Tops IPO Fundraising in 2018
The HKEx was the world’s top IPO fundraising market in 2018, for the sixth time in the last ten years. Hong Kong IPOs raised HK$277,848.5 million (US$35,580 million), which is the highest amount since 2010.
SFC Publishes Consultation Conclusions on OTC Derivatives and Conduct Risks
Download the PDF Download the Word On 12 December 2018, Hong Kong’s securities regulator, the Securities and Futures Commission (SFC) issued its consultation conclusions [1] on amendments to the Hong Kong code of conduct for Persons Licensed by or Registered...
Amendments to Hong Kong Code on Unit Trusts and Mutual Funds effective 1 January 2019
Amendments to HK’s Code on Unit Trusts and Mutual Funds took effect 1 January 2019. Retail funds authorised, or the subject of an authorisation application, at 1 January, have 12 months to comply.