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SFC Issues Takeovers Bulletin on Reminder to Fund Managers of Dealing Disclosure Obligations under Rule 22 of the Takeovers Code
The latest issue of the Takeovers Bulletin (Issue No.19) published in December 2011 reminds fund managers of the dealing disclosure obligations under Rule 22 of the Code on Takeovers and Mergers (Takeovers Code)…
Streamlined Property Valuation Requirements
New streamlined requirements for property valuation disclosure in listing applicants’ prospectuses and issuers’ circulars came into effect on 1 January 2012 with the implementation of the Companies Ordinance…
New Evidential Requirements for Proving Professional Investor Status
The Securities and Futures (Professional Investor) (Amendment) Rules 2011 (Amendment Rules) which refine the requirements for evidencing whether a person qualifies as a high-net-worth professional investor under…
SEHK Publishes Consultation Conclusions on Amendments to the Corporate Governance Code and Associated Listing Rules
The Stock Exchange of Hong Kong (SEHK or the Exchange) has published the consultation conclusions (the Consultation Conclusions) on its review of the Code on Corporate Governance Practices (now renamed the Corporate…
SFC Begins Consultation on Proposed Regulatory Regime for OTC Derivatives Market
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have published a joint consultation paper (the Consultation Paper) to seek comments on a proposed regulatory regime for the…
HKEX Publishes Revised Guidance for Chapter 21 Companies Investment Companies
Chapter 21 (Chapter 21) of the Listing Rules (Listing Rules) of the Stock Exchange of Hong Kong Limited (the Exchange) sets out the specific requirements for the listing of securities by investment companies…
SFC Publishes Consultation Paper on Proposed Takeovers Code Amendments
On 24 August, 2011, the SFC announced a one-month consultation to request public comments on their proposed amendments to the Codes on Takeover and Mergers and Share Repurchases (the Takeovers Code). The principal…
CSRC Tightens Regulation of Backdoor Listings and Adopts Measures to Facilitate Asset Acquisitions By Way of Share Issue
Amendments to the Administrative Measures for the Restructuring of Material Assets of Listed Companies (the Measures) (上市公司重大资产重组管理办法) have been announced by the China Securities Regulatory…
SFC Reminds Sponsors to Exercise Reasonable Judgment in IPO Due Diligence
In its latest edition of the Dual Filing Update, the Securities and Futures Commission (SFC) reminds sponsors to exercise reasonable judgment in conducting IPO due diligence on listing applicants and to ensure that all…
SFC Extends Implementation Date for New Conflict of Interest Requirements Governing Research Reports
The Securities and Futures Commission (SFC) has extended the implementation date of new conflicts-of-interest requirements governing research reports to 31 October 2011. Originally, the amendments to the Code of…
SFC Publishes Consultation Conclusions on the Regulatory Framework for pre-Deal Research Reports
The Securities and Futures Commission (SFC) published on 30 June 2011 its Consultation Conclusions (the Conclusions) concerning proposed amendments to the Code of Conduct for Persons Licensed by or Registered with…
SFC Publishes Guidance on Marketing of Existing Collective Investment Schemes and Investment-Linked Assurance Schemes to the Hong Kong Public under the Revised Code on Unit Trusts and Mutual Funds
The Securities and Futures Commission (SFC) issued guidance, on 13 May 2011, in preparation for the full implementation of the Code on Unit Trusts and Mutual Funds (UT Code) and the Code on Investment-Linked…