HKEX reminds listed issuers of continuous disclosure obligations, stressing transparency to prevent false markets.
Archived Post for "Hong Kong Law"
Hong Kong Stock Exchange Publishes Guidance Letter on Profit Forecasts under Main Board Rules and Gem Rule
The Stock Exchange of Hong Kong (Exchange) published on 8 May 2012 a guidance letter (HKEx-GL35-12) on profit forecast in the IPO process to provide guidance and clarification on the following areas: the difference…
Securities and Futures Commission Publishes Consultation Paper on the Regulation of Sponsors
The Securities and Futures Commission (SFC) published a consultation paper (Consultation Paper) in May 2012 to seek views and comments on its proposals concerning the conduct of sponsors in meeting…
Statutory Regime for Disclosure of Price Sensitive Information
The new statutory regime governing listed corporations’ (corporations) disclosure of price sensitive information (referred to in the new legislation as “inside information”) (PSI) will come into effect on 1 January…
SFC Fines Investors for Illegal Short Selling and IPO Sponsor
HKEX issues guidance on hard underwriting disclosure in listing documents, clarifying rules for applicants and underwriters in Hong Kong IPOs.
New Anti-Money Laundering and Counter-Terrorist Financing Requirements for SFC Licensed Corporations
New statutory customer due diligence (CDD) and record-keeping obligations for financial institutions were implemented by the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance…
Hong Kong Stock Exchange Issues Guidance Letter on Disclosure of Use of Proceeds in New Applicants Listing Documents
In April 2012, the Stock Exchange of Hong Kong Limited (Exchange) issued a guidance letter (HKEx-GL33-12) (Guidance Letter) on the disclosure of the intended use of proceeds by new applicants in listing documents…
Hong Kong Stock Exchange Publishes Guide to Connected Transaction Rules
On 20 April, The Stock Exchange of Hong Kong Limited (HKEx or the Exchange) published a plain language guide to the requirements for connected transactions (including continuing connected transactions) set out in the…
Hong Kong Stock Exchange Publishes Guidance Letter on the Accounting and Disclosure Requirements for Acquisitions of Subsidiaries and Businesses Conducted During Or After the Trading Record Period
HKEX guidance letter on accounting and disclosure requirements for acquisitions during or after the trading record period.
Amendments to the Takeovers Code
On 23 March 2012, the Securities and Futures Commission (SFC) released its consultation conclusions (Conclusions) on the amendments to the Codes on Takeovers and Mergers and Share Repurchases (the Takeovers Code)…