Hong Kong Law

The SFC’s revised Circular on Streamlined Requirements for Eligible ETFs adopting a Master-feeder Structure allows SFC-authorised feeder ETFs to invest in actively managed overseas-listed master ETFs.

HKEX published the consultation conclusions on climate disclosure requirements and amendments to Listing Rules Appendix C2 applicable to HKEX-listed cos and a phased implementation of the enhanced requirements.

The SFC’s March Consultation Paper proposes a statutory scheme of arrangement and compulsory acquisition mechanism for REITs & extending the SFO market conduct regime to listed

HKEX sanctioned 3 listed companies in Q1 2024 for misappropriation of company assets, misleading prospectus disclosure and breach of directors’ duties in its continued clamp down on corporate misconduct.

HKEX published Listing Rules amendments (effective 11.6.2024) allowing HKEX-listed cos to issue and hold treasury shares subject to the laws of their country of incorporation and their constitutional documents

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The FSTB is proposing to introduce a new licensing regime to regulate providers of over-the-counter trading of virtual assets under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance

The SFC issued circulars providing guidance on the tokenisation of investment products and conduct-related guidance to intermediaries engaging in tokenisation of securities-related activities in Hong Kong.

The FSTB is proposing to introduce an implied consent mechanism and streamline the notification requirement for Hong Kong-incorporated companies disseminating corporate communications by means of their website.

HKEx published its analysis of issuers’ Corporate Governance Code compliance, particularly the requirements on corporate culture, long-serving INEDs, board diversity, and risk management and internal controls.

The new exemption allows existing shareholders and/or their close associates and cornerstone investors to subscribe for or purchase additional shares in an IPO if the size exemption conditions are met.

HKEX has postponed to 1 January 2025 the proposed implementation date for the mandatory and additional climate-related disclosures proposed in its April 2023 consultation paper