The UK Bribery Act (the Act) comes into force on 1 July 2011. The Act represents an attempt on behalf of UK legislators to improve the law relating to bribery and corruption, an attempt prompted by increasing…
Archived Post for "Hong Kong Law"
Consultation Paper on Draft Short Position Reporting Rules Published
On 25 May 2011, the Securities and Futures Commission (SFC) published a consultation paper on the draft Securities and Futures (Short Position Reporting) Rules (SPR Rules). The draft SPR Rules are the result of…
Ex-Entitlement Trading Only After Shareholder Approval
On 20 May 2011, the Hong Kong Exchanges and Clearing Limited (HKEx) published consultation conclusions (Conclusions) on its December 2010 proposal that shares should only be permitted to trade ex-entitlement after…
New Regime For Offers Of Structured Products Effective 13 May 2011
Amendments to the Hong Kong regulatory regime governing public offers of investment products came into effect on 13 May 2011 with the coming into force of The Securities and Futures and Companies Legislation…
HKEx Listing Decisions on Acceptability of Prior Shareholder Mandates for Notifiable Transactions the Classification of A Share Repurchase By a Listed Subsidary under Chapter 14 and Qualification Requirements for Mainland Property Valuers
April 2011 Hong Kong Law Newsletter: HKEx decisions on prior mandates, share repurchases, and Mainland property valuers.
SFC Report on Sponsor Inspection Findings
On March 29 2011 the SFC published its Report on Sponsor Theme Inspection Findings (the Report). The Report is the work of a specialised team (the SFC Team), set up in 2009, which operates as part of the SFC.
SFC Publishes Consultation Conclusions on the Draft Guidelines on Disclosure of Price Sensitive Information
The Securities and Futures Commission published, on 11 February 2011, Consultation Conclusions (the Conclusions) regarding the draft guidelines (the Guidelines) on the disclosure of price sensitive information…
UK Bribery Act 2010 to Come into Force – UK MOJ Publishes Guidance on Adequate Procedures Defence and DPP and SFO Publish Joint Prosecution Guidance
On 30 March 2011 the UK Ministry of Justice published its Guidance (the MoJ Guidance) on procedures which commercial organisations can adopt in order to prevent persons associated with them from committing offences…
HKEx Publishes Listing Decision Regarding Restrictions on Disposal After a Change in Control under Chapter 14 of the Listing Rules
HKEx published in March 2011, a listing decision (HKEx-LD7-2011) on an attempt by a Main Board issuer (“Company A”) to circumvent certain elements of the regulatory regime, set out in Chapter 14 of the Listing…
Companies Registry Implements One-Stop Electronic Incorporation and Business Registration Service
On January 21 2011 the Companies Registry (“CR”) published External Circular No. 1/2011 (“the Circular”), which discussed the coming into effect, on 21 February 2011, of Parts 2 and 5 of the Companies Amendment…