HKEx Publishes Findings of Latest Review of Issuers’ Annual Report Disclosures

On 29 January 2021, the Stock Exchange of Hong Kong (the HKEx) published its 2020 Review of Issuers’ Annual Report Disclosure. The review focuses on (i) examining issuers’ annual reports in terms of compliance with the HKEx Main Board Listing Rules and GEM Listing Rules (the HKEx Listing Rules), issuers’ corporate conduct and issuers’ disclosure […]

Julia CharltonPartner, Charltons

HKEx Publishes Findings of Latest Review of Issuers’ Annual Report Disclosures

On 29 January 2021, the Stock Exchange of Hong Kong (the HKEx) published its 2020 Review of Issuers’ Annual Report Disclosure. The review focuses on (i) examining issuers’ annual reports in terms of compliance with the HKEx Main Board Listing Rules and GEM Listing Rules (the HKEx Listing Rules), issuers’ corporate conduct and issuers’ disclosure […]

Clinton MorrowPartner, Charltons

SFC Consults on Proposed Code of Conduct on Hong Kong Bookbuilding and Placing Activities and Proposal on HKEx Sponsor Coupling

On 8 February 2021, the Securities and Futures Commission (the SFC) published a consultation paper on (i) a proposed SFC Code of Conduct for Hong Kong Bookbuilding and Placing Activities in Equity Capital Market and Debt Capital Market Transactions (the SFC Proposed Code); and (ii) a proposal to introduce HKEX “sponsor coupling”, which would require […]

Clinton MorrowPartner, Charltons

SFC Consults on Proposed Code of Conduct on Hong Kong Bookbuilding and Placing Activities and Proposal on HKEx Sponsor Coupling

On 8 February 2021, the Securities and Futures Commission (the SFC) published a consultation paper on (i) a proposed SFC Code of Conduct for Hong Kong Bookbuilding and Placing Activities in Equity Capital Market and Debt Capital Market Transactions (the SFC Proposed Code); and (ii) a proposal to introduce HKEX “sponsor coupling”, which would require […]

Julia CharltonPartner, Charltons

SFC consults on changes to Competency Requirements for Licensed Intermediaries and Individuals

The Securities and Futures Commission of Hong Kong (SFC) published a Consultation Paper on Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners[1] on 11 December 2020 proposing to amend the entry requirements for licence applicants and the ongoing competency standards for individual practitioners. The proposals will apply to responsible officers and licensed […]

Julia CharltonPartner, Charltons

SFC consults on changes to Competency Requirements for Licensed Intermediaries and Individuals

The Securities and Futures Commission of Hong Kong (SFC) published a Consultation Paper on Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners[1] on 11 December 2020 proposing to amend the entry requirements for licence applicants and the ongoing competency standards for individual practitioners. The proposals will apply to responsible officers and licensed […]

Clinton MorrowPartner, Charltons

Charltons Responds to HKEX Consultation on Main Board Profit Requirement on behalf of 10 sponsor firms

Charltons responded on 11 January 2021 to the Hong Kong Stock Exchange’s Consultation Paper: The Main Board Profit Requirement (summarised here) on behalf of a group of 10 Hong Kong sponsor firms who are concerned that the proposals to raise the profit requirement for listing by either 150% or 200% will leave many Hong Kong […]

Clinton MorrowPartner, Charltons

Charltons Responds to HKEX Consultation on Main Board Profit Requirement on behalf of 10 sponsor firms

Charltons responded on 11 January 2021 to the Hong Kong Stock Exchange’s Consultation Paper: The Main Board Profit Requirement (summarised here) on behalf of a group of 10 Hong Kong sponsor firms who are concerned that the proposals to raise the profit requirement for listing by either 150% or 200% will leave many Hong Kong […]

Julia CharltonPartner, Charltons

SFC Takeovers Bulletin No. 55 on Takeovers Code Breaches and Regulatory Reminders

The Securities and Futures Commission of Hong Kong (the “SFC”) published Takeovers Bulletin No. 55 in December 2020 (the “SFC Takeovers Bulletin 55”). The SFC Takeovers Bulletin 55 covers recent SFC disciplinary actions for breaches of Rule 26.1 of the Code on Takeovers and Mergers published by the SFC (the “Hong Kong Takeovers Code”) as well as providing […]

Julia CharltonPartner, Charltons

SFC Takeovers Bulletin No. 55 on Takeovers Code Breaches and Regulatory Reminders

The Securities and Futures Commission of Hong Kong (the “SFC”) published Takeovers Bulletin No. 55 in December 2020 (the “SFC Takeovers Bulletin 55”). The SFC Takeovers Bulletin 55 covers recent SFC disciplinary actions for breaches of Rule 26.1 of the Code on Takeovers and Mergers published by the SFC (the “Hong Kong Takeovers Code”) as well as providing […]

Clinton MorrowPartner, Charltons

SFC Consults on Investor Identification Regime and OTC Securities Transactions Reporting Regime

On 4 December 2020, the Hong Kong Securities and Futures Commission (SFC) launched a consultation on proposals to introduce (1) an investor identification regime for the securities market in Hong Kong at the trading level (the Proposed Investor Identification Regime) and (2) an OTC securities transactions reporting regime for shares listed on the Hong Kong […]

Clinton MorrowPartner, Charltons

Hong Kong Government Announces New Social Distancing Measures

On 8 December 2020, the Hong Kong Government announced new social distancing measures under the Prevention and Control of Disease (Requirements and Directions) (Businesses and Premises) Regulation (Cap.599F) to take effect on 10 December 2020 for a period of 14 days until 23 December 2020. Various regulations under the Prevention and Control of Disease Ordinance (Cap.599) will […]

Clinton MorrowPartner, Charltons