Hong Kong Law
Newsletters
Hong Kong Further Tightens Social Distancing Measures Effective 15 July 2020
Tighter social distancing measures effective 15 July apply to Hong Kong catering businesses and scheduled premises until 21 July and limit group gatherings in public to 4 persons until 28 July
Hong Kong Tightens Social Distancing Measures from 11 July 2020
After a spike in locally transmitted COVID-19 cases in Hong Kong between 2 and 8 July, 2020, the HKSAR Government announced on 9 July tightened social distancing measures effective from 11 to 24 July 2020
Disciplinary Actions for Takeovers Code Breaches in June 2020
Two Takeovers Executive disciplinary decisions relating to breaches of the Hong Kong Takeovers Code were published in June 2020. They concerned breaches of Rules 22 and 31, respectively.
SFC Publicly Reprimands and Fines Guotai Junan HK$25.2 million
the SFC reprimanded and fined Guotai Junan HK$25.2 million for internal control failures and regulatory breaches related to third party fund transfers and potential wash trades
HKEx to Launch New Sustainable and Green Exchange
HKEx announced plans to launch the HKEX Sustainable and Green Exchange – STAGE – to provide a database of sustainable and green investment products available in Hong Kong
Consultation Conclusions Issued on a Paperless Securities Market for HKEx-listed Securities
Joint Consultation Conclusions on proposals for a paperless securities market for Hong Kong were published in April 2020. The proposed model for an uncertificated securities market will allow investors to hold securities in their own name and without paper documents
Hong Kong quarantine relaxed for directors of HKEx listed companies and HKEx listing applicants, certain lawyers, accountants and professionals
Hong Kong has relaxed quarantine for certain lawyers, directors of HKEx listed companies and HKEx listing applicants under the Compulsory Quarantine of Certain Persons Arriving at Hong Kong Regulation
HKSAR Government announces further easing of social distancing measures
The HKSAR Government on 16 June 2020 announced a further relaxation of the social distancing measures in Hong Kong.
SFC Disciplinary Actions in May 2020
The SFC continued its focus on disciplining licensed intermediaries for breaches of the SFC Code of Conduct and corporate misconduct by companies listed on the Hong Kong Stock Exchange in May 2020.
HKSAR Government extends social distancing to 18 June 2020 and eases immigration controls
The HKSAR Government announced on 02 June 2020 the extension of social distancing measures to 18 June 2020 and the easing of immigration controls which includes the compulsory quarantine measures
Easing of certain social distancing measures and how they apply to shareholders’ meetings
The HKSAR announced on 5 May 2020 the easing of certain social distancing measures. The latest Group Gathering Regulations (Cap. 599G) came into effect on 08 May 2020 which exempted shareholders’ meetings
SFC Guidance to Licensed Corporations on Remote Office Cybersecurity Risk Management amid COVID-19
Hong Kong’s SFC issued a circular to licensed corporations on their cybersecurity risk management obligations and the SFC Code of Conduct requirements regarding remote office arrangements.