Hong Kong Law
Newsletters
HKEx Publishes Findings of Latest Review of Issuers’ Annual Report Disclosures
The HKEx published its latest review of issuers’ annual report disclosures, which focused on issuers’ compliance with the HKEx Listing Rules and reviewed issuers’ financial statements.
SFC Consults on Proposed Code of Conduct on Hong Kong Bookbuilding and Placing Activities and Proposal on HKEx Sponsor Coupling
The SFC published a consultation outlining proposals to introduce a Code of Conduct on Bookbuilding and Placing Activities and separately, a proposal on Sponsor Coupling
SFC consults on changes to Competency Requirements for Licensed Intermediaries and Individuals
The SFC published a consultation paper on 11 December 2020 on proposals to increase the entry requirements for licence applicants and the ongoing competency standards for individual practitioners.
Charltons Responds to HKEX Consultation on Main Board Profit Requirement on behalf of 10 sponsor firms
Charltons responded on 11 Jan 2021 to HKEX’s Consultation Paper: The Main Board Profit Requirement on behalf of a group of 10 sponsor firms opposing the proposed increase in the profit requirement for listing.
SFC Takeovers Bulletin No. 55 on Takeovers Code Breaches and Regulatory Reminders
The Takeovers Bulletin No.55 was issued in December 2020, in which SFC outlined two breaches of the mandatory general offer obligation, alerted offerors on identifying regulatory approvals and additional delisting ….
SFC Consults on Investor Identification Regime and OTC Securities Transactions Reporting Regime
The SFC published a consultation outlining proposals to introduce an investor identification regime for the HK securities market at the trading level and an OTC securities transactions reporting regime.
Hong Kong Government Announces New Social Distancing Measures
The Hong Kong Government has tightened social distancing measures until 23 December 2020 in view of the latest wave of COVID-19. Regulations under Cap.599 will also be extended until 31 March 2021.
HKEx Consults on Proposal to Increase the Main Board Profit Requirement
The HKEx published a consultation paper outlining proposals to increase the Main Board Profit Requirement to bring it in line with the Market Capitalisation Requirement.
HKEx Consults on Proposal to Streamline IPO Settlement Process
The HKEx published a concept paper outlining a proposal to streamline the IPO settlement process which would see the settlement timeline shortened to one business day from the current five business days.
SFC Consults on Climate-risk Requirements for Fund Managers
Hong Kong’s SFC published a consultation paper on the management and disclosure of climate-related risks by fund managers outlining proposed amendments to the Fund Manager Code of Conduct.
FSTB Consults on Proposed Registration Regime for Dealers in Precious Metals and Stones
Hong Kong’s FSTB published proposals for a registration regime for dealers in precious metals and stones (DPMS) in line with FATF recommendations in an effort to enhance AML/CFT regulation.
FSTB Consults on Proposed Licensing Regime for Virtual Asset Exchanges
The FSTB published a consultation paper proposing a new licensing regime for virtual asset exchanges under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance on 3 November 2020.