The SFC has issued a circular on responsible officers and substantial shareholders, stating that it is not acceptable to hire ROs in name only; they must in fact supervise the licensed corporation’s business.
Archived Post for "Hong Kong Law"
Changes to the GEM Rules and Main Board Rules Proposed by the HKEx
The SEHK has published a Consultation Paper on the Review of the Growth Enterprise Market and Changes to the GEM and Main Board Listing Rules. The SEHK proposes to impose higher entry criteria for both boards.
SFC Issues Statement on Listing of Infrastructure Project Companies
The SFC issued a statement setting out factors to be considered when reviewing the proposed listing of infrastructure project companies in Hong Kong in order to maintain the overall quality of the market.
HKEx Consults on Proposed New Board for New Economy Companies
The HKEx published its New Board Concept Paper setting out proposals for the establishment of a New Board, separate from the Main Board and the GEM, to open Hong Kong’s capital markets to New Economy Companies.
Mainland-Hong Kong Bond Market Connect to be Established
The People’s Bank of China and the Hong Kong Monetary Authority made a joint announcement approving the establishment of mutual access between the Hong Kong bond market and Mainland China’s bond market.
SFC Elaborates on the Liabilities of Directors and Senior Executives of Listed Companies and Senior Management Accountability
In its newsletter, Enforcement Reporter, the SFC discussed director and senior executive liabilities and senior management accountability in listed companies, particularly in relation to fraud and misfeasance.
SFC Authorisation for Leveraged and Inverse Products
The Supplemental Circular on Leveraged and Inverse Products dated 23 December 2016 details the requirements under which the SFC would consider authorising leveraged and inverse products for public offering.
Backdoor Licensing, Managers-In-Charge of Core Functions and the Legal Liabilities of Senior Management
Those who pay for an existing licensed corporation as a “backdoor licence” may not avoid the responsibilities and liabilities. Anyone involved in the management of licensed corporations is liable for breaches.
SFC Publishes Statement on Recent GEM Listing Applications and the Requirement for an Open Market
The SFC has Published a Statement on Recent Applications to List on GEM by way of Placing and Reminds Listing Applicants, Placing Agents and Sponsors of the Requirement for an Open Market
SFC Publishes Consultation on Amendments to the Professional Investor Rules
SFC Publishes Consultation on Amendments to the Professional Investor Rules expanding the definition of Corporate Professional Investors and the Rules’ evidential requirements