Hong Kong Law
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SFC Dual Filing Update Identifies Shortcomings in Prospectus Disclosure
The Securities and Futures Commission (SFC) published its latest Dual Filing Update in July 2010 highlighting deficiencies in listing applications received during the six months ending March 2010. Out of 68 listing…
SFC Consults on Regulatory Oversight of Credit Rating Agencies
The Securities and Futures Commission (SFC) published a consultation paper (the Consultation Paper) on 19 July 2010, setting out its proposed regulatory regime to license and supervise the activities of credit…
Changes to Requirements for Circulars and Listing Documents of Listed Issuers
The Stock Exchange of Hong Kong (HKEx) has released its consultation conclusions on its proposed amendments to the requirements for circulars and listing documents as set out in its September 2009 consultation paper…
SFC to Implement Proposals to Enhance Regulation of Retail Structured Products
The Securities and Futures Commission (SFC) has announced its intention to proceed with proposals to transfer the regulation of public offers of structured products from the Companies Ordinance (CO) prospectus…
Changes to Connected Transaction Rules
The Stock Exchange of Hong Kong Limited (“HKEx”) has published its consultation conclusions (“Consultation Conclusions”) on its proposals to amend the connected transaction rules contained in its consultation…
Introduction to the New Main Board and Gem Listing Rules for Mineral Companies
Hong Kong Exchanges and Clearing Limited (HKEx) has published its Consultation Conclusions on New Listing Rules for Mineral Companies (Conclusions) setting out new listing rules for mineral and petroleum companies…
SFC Consultation Paper on Proposal to Stop Commenting on Routine Announcements under the Codes on Takeovers and Mergers and Share Repurchases and Proposed Miscellaneous Amendments to the Codes
The Securities and Futures Commission (“SFC”) issued a consultation paper on 21 April, 2010 setting out proposed amendments to the Codes on Takeovers and Mergers and Share Repurchases (the “Codes”) (“Consultation…
Revised Practice Note 15 in latest SFC Takeovers Bulletin
The Takeovers Bulletin sets out a revised Practice Note 15 that clarifies the Executive’s practice regarding confirmation of sufficiency of financial resources. As a matter of practice, the financial adviser to…
FSTB and SFC Consultations on Proposals to Give Statutory Backing to Listed Companies Obligation to Disclose Price Sensitive Information
The Financial Services and the Treasury Bureau (“FSTB”) and the Securities and Futures Commission (“SFC”) have published consultation papers in relation to the FSTB’s proposal to create a statutory obligation under…
HKEx Publishes Consultation Paper on Proposed Changes to its Connected Transaction Rules
HKEx has published a consultation paper (the “Consultation Paper”) on proposed changes to its connected transaction rules. The proposed revisions address specific requirements of the connected transaction regime…
HKEx Streamlines Procedures for Listing Overseas Companies
The Stock Exchange of Hong Kong Limited (the Exchange) has issued guidance on the vetting practices it has adopted to facilitate the listing of overseas companies on the Exchange in the form of its HKEx Guidance…
HKEx Publishes Consultation Paper on Proposals to Allow Mainland Companies Listed on HKEx to Use Mainland Accounting and Auditing Standards and Mainland Audit Firms
HKEx has published a consultation paper (the “Consultation Paper”) on proposals to accept financial statements prepared under the Chinese Mainland accounting standards, China Accounting Standards for Business…