Hong Kong Law
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Hong Kong SFC Issues New Guidance on Selling Complex Products
The SFC issued a Circular on 13 June 2019 informing licensed and registered intermediaries of new FAQs setting out further guidance on the regulatory requirements for sales of complex products in Hong Kong.
Hong Kong SFC Requires Enhanced Disclosure for Green or ESG Retail Funds
[show_newsletter_sitepath] HONG KONG LAW June 2019 PDF version Word version Hong Kong SFC Requires...
Hong Kong SFC Imposes HK$27 mln Fine for Sponsor Due Diligence Failures
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HKEx to Suspend Listed Issuers for Audit Disclaimers and Adverse Opinions
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Financial Reporting Council can Access PRC Audit Working Papers
[show_newsletter_sitepath] HONG KONG LAW June 2019 PDF version Word version Financial Reporting...
HKIAC Approved as Arbitration Venue for Russian Deals
As a ‘PAI’, the HKIAC will be able to handle corporate disputes involving parties from Russian special administrative regions which arise from agreements to carry out activities in such regions and relate to the ownership of stocks.
SFC Imposes Record Fines for Sponsor Failures
The SFC has reprimanded and imposed record fines totalling HK$ 786.7 million on four investment banks for IPO due diligence failures in their sponsorship of applications to list on the Stock Exchange of Hong Kong.
First virtual banking licences issued in Hong Kong
A total of 33 financial service providers have applied for the virtual banking licences, among them WeLab Holdings Limited, which operates WeLend, an online lending platform in Hong Kong.
HKEx Listing Rule Amendments Take Effect on 1 March 2019
Amendments to the Listing Rules of the HKEx took effect on 1 March 2019 changing the documentary requirements for listing applicants and listed companies and making other minor housekeeping amendments.
Statement on Security Token Offerings Published by Hong Kong’s SFC
The SFC made a statement on the regulatory requirements for security token offerings and the risks of investing in virtual assets. Security tokens fall under the definition of “securities” under the SFO.
Hong Kong Consults on Paperless Securities Market
On 28 January 2019, the SFC, HKEx and the Federation of Share Registrars Limited released a joint consultation paper on a new mechanism for implementing an uncertificated securities market regime in Hong Kong.
New Licensing Forms and Mandatory Electronic Filings Required by the SFC
Starting from 11 April 2019, the SFC will require licensing applications to be made with new licensing forms, and annual returns and notifications to be submitted electronically through the SFC Online Portal.