Share This: Top stories Competition Commission published FAQs: what you should note for forthcoming board meeting What you should do: Compliance with competition law is a key focus of (i) “annual review of internal controls effectiveness” (i.e. compliance controls); (ii) disclosure in (new) “business review” of annual reports Note the potentially “anti-competitive” behaviours highlighted “Exchange […]

Share This: Top stories Hong Kong EX’s review of disclosure in annual reports for rule compliance: What you should do: Affects your preparation of 2015 annual reports – where better disclosure needed? – useful guidance on areas relating to the new “business review” Affects the forthcoming annual review of “continuing connected transactions” Improvement needed in: […]

Share This: Top stories There are some notable developments regarding the Stock Exchange of Hong Kong. Firstly, it published its Consultation Conclusions on Proposed Amendments to the Environmental, Social and Governance Reporting Guide (the “ESG Guide”). The proposed amendments will take effect in phases. Save for the proposed upgrade of KPIs relating to the “Environment” […]

Share This: Top stories There are some notable developments regarding the Stock Exchange of Hong Kong. Firstly, the Exchange updated a Listing Decision, in the context of an increasing number of attempted “takeovers” of listed issuers using “new” methods. It provided guidance where a disposal of assets by an issuer amounts to a “Very Substantial […]

Share This: Top stories There are some interesting enforcement actions by both the Stock Exchange and the Securities and Futures Commission (“SFC”). Directors’ duties is a recurring theme. In the Stock Exchange enforcement case, it is noteworthy that breaches of Listing Rules also have wider implications, evidencing the lack of an adequate and effective internal […]

Share This: Top stories This is a relatively quiet month for updates from the Stock Exchange and the Securities and Futures Commission (“SFC”). On the other hand, there are interesting developments in legislation, namely competition law and privacy. The Hong Kong Competition Commission (“HKCC”) publishes a draft leniency policy for consultation. This represents another step […]