Download the Word Law New legislation, rules and standards come into effect in August Specific provisions will regulate fund services providers for the first time Fund managers to be prohibited from engaging in insider trading Private equity funds to be included...
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SFC and HKMA Publish Consultation Conclusions and Supplemental Consultation on the Regulation of OTC Derivatives
The global financial crisis in late 2008 highlighted the structural deficiencies in the over-the-counter (OTC) derivatives market, and the systemic risk it poses for the wider market and economy. In the wake of…
Stock Exchange Consults on Listing Rule Amendments Consequential to Issuers Statutory Obligation to Disclose Price Sensitive Information
Following the enactment of the Securities and Futures (Amendment) Ordinance 2012 (the Amendment Ordinance), Hong Kong Exchanges and Clearing Limited (the Exchange) has published a consultation paper (Consultation…
Hong Kong Stock Exchange Consults on Allowing Publication of PSI During Trading Hours Subject to Trading Halts
Hong Kong Exchanges and Clearing Limited (the Exchange) has published a consultation paper (Consultation Paper) on proposals to allow the release of price sensitive information (PSI) during trading hours subject…
SFC Publishes Consultation Conclusions on Amendments to the Code of Conduct
In May 2012, the Securities and Futures Commission (SFC) published its consultation conclusions (Consultation Conclusions) on the proposals set out in its November 2011 consultation paper…
HKEX Publishes Guidance on Continuous Disclosure Obligations
HKEX reminds listed issuers of continuous disclosure obligations, stressing transparency to prevent false markets.
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.