The Securities and Futures Commission (SFC) has introduced a new online system1 to simplify the submission process for dealing disclosures under Rule 22 of the Code on Takeovers and Mergers (Takeovers Code)…
Archived Post for "Hong Kong Law"
Court Orders EY to Produce Accounting Records to SFC
The Court of First Instance (the Court) has ordered Ernst & Young (EY) to produce to the Securities and Futures Commission (SFC) specified accounting records relating to its work as the reporting accountant and…
SFC Reprimands and Fines ICBCI and Deutsche Bank
The Securities and Futures Commission (SFC) has made two announcements in relation to the failings of, and penalties imposed, on Deutsche Bank Aktiengesellschaft (Deutsche Bank), and ICBC International Capital…
Exchange Publishes Further Information on Shanghai-Hong Kong Stock Connect
The Stock Exchange of Hong Kong (SEHK) has published further information in relation to Shanghai-Hong Kong Stock Connect (Stock Connect), the proposed mutual market access programme which will allow investors in…
Exchange Issues Guidance on Opinion Letters Prepared By Independent Financial Advisers
The Hong Kong Stock Exchange (the Exchange) has published guidance letter HKEx-GL76-14 (see archive), which provides information on the disclosure in opinion letters prepared by independent financial advisers…
SFC Issues Notice on Risks and Potential Regulatory Issues of Crowd-Funding
The Securities and Futures Commission (SFC) issued a notice (see archive) on 7 May 2014 to remind parties carrying out crowd-funding activities of the potential securities regulatory implications and liabilities…
HKEx to Launch its First Asia Commodities Contracts
Hong Kong Exchanges and Clearing Limited (HKEx) announced yesterday, 22 April 2014, that it plans to launch its commodities business with four futures contracts that will be traded in its derivatives market.
FSTB Consults on Open-Ended Fund Company Structure
The Financial Services and the Treasury Bureau (FSTB) published the Open-ended Fund Companies Consultation Paper (see archive) (Consultation Paper) and a press release (see archive) on 20 March 2014 setting…
Exchange Reviews Disclosure in Annual Reports to Monitor Rule Compliance
The Exchange has published its second report (see archive) on findings and recommendations from a review of disclosure in issuers’ annual reports issued for the financial years ended between December 2012 and…
Exchange Publishes New Guidance on Placing Shares to Connected Clients for Independent Third Parties
The Exchange has published guidance letter HKEx-GL75-14 (see archive) which supersedes Listing Decision HKEx-LD54-13 (see archive) which has been withdrawn. The guidance letter provides guidance in cases where…