Resources
AML/CFT Compliance A Key Focus Of Recent Supervisory Inspections By The Hong Kong Insurance Authority.
Late last week, the Hong Kong Insurance Authority (IA) published a circular setting out its key findings from anti-money laundering and counter-financing of terrorism (AML/CFT) onsite inspections of authorised insurers carrying on long term...
Amendments To Hong Kong’s Listing Rules To Enhance The Delisting Framework To Come Into Effect 1 August 2018.
The Hong Kong Stock Exchange has issued its consultation conclusions on proposals to enhance its delisting framework, aimed in particular at addressing companies that have been suspended for a prolonged period of time. The new regime introduces a standalone...
Hong Kong – Exchange Will Tighten Its Grip On Highly Dilutive Capital Raising Structures
Key points The Exchange has decided to introduce new rules to regulate highly dilutive capital raising structures as proposed in its consultation paper released in September 2017.The new rules will take effect from 3 July 2018. In September 2017, Hong Kong...
The Impact Of The EU GDPR On Hong Kong Businesses.
Most people are aware that the EU General Data Protection Regulation 2016 (GDPR) will come into force on 25 May 2018. However, it seems that many Hong Kong businesses are not aware of the wide-ranging impact of the GDPR on non-EU business and that...
Hong Kong – Are You Ready For The Changes To The Fund Manager Code Of Conduct?
On 16 November 2017, the Securities and Futures Commission (SFC) published the conclusions of its consultation on Proposals to Enhance Asset Management Regulation and Point-of-sale Transparency, which included proposed amendments to (a) the Fund Manager Code of...
Hong Kong – Kirkland & Ellis Advises BGH Capital In AUSD2.6Bn Debut Buyout Fund
Kirkland & Ellis represented BGH Capital in the raising of its first private equity fund with a focus on investment in Australia and New Zealand. BGH was founded by Ben Gray and Simon Harle (formerly partners of TPG Capital) and Robin Bishop (formerly head of...
The Hong Kong Stock Exchange Tightens The Regulatory Framework For Capital Raisings By Listed Companies.
The Hong Kong Listing Rules are to be amended from 3 July 2018 to enhance the regulatory framework for capital raisings by listed issuers. The rule changes target highly dilutive capital raisings by disallowing rights issues, open offers and placings under specific...
New Chapter On Listing Of Innovative Companies With Weighted Voting Rights Structures In Hong Kong: At A Glance.
On 24 April 2018, The Stock Exchange of Hong Kong Limited (the “Exchange”) published the consultation conclusions and announced the new rules to: (a) permit listings of companies with weighted voting right (“WVR”) structures; (b) establish a new...
Hong Kong Government Issues Important Money Laundering And Terrorist Financing Risk Assessment.
The government has this week published a comprehensive report detailing Hong Kong's Money Laundering and Terrorist Financing (ML/TF) Risk Assessment. This is the product of a year's consultation, data analysis and stakeholder engagement by the government....
Hong Kong Publishes Groundbreaking New Rules For Dual-class Shares, Emerging And Innovative Sectors.
After publishing the “New Board Concept Paper” in December 2017, the Stock Exchange of Hong Kong Limited (the Exchange) issued a consultation paper on February 23, 2018, titled “A Listing Regime for Companies From Emerging and Innovative Sectors” (Consultation Paper),...
