Jurisdiction - Hong Kong
Hong Kong – Guidance Letter: Depositary Receipts.

13 October, 2012



In July 2012, the Exchange published a guidance letter describing the market practice of pre-release and pre-cancellation of depositary receipts (DRs), including the rationale and regulatory basis. The guidance also contains good background information on the nature of the DR regime and its benefits to overseas issuers and investors. 
For a copy of the guidance letter GL39-12, please follow the link:



For further information, please contact:
Tony Grundy, Partner, Morrison Foerster
John Moore, Partner,  Morrison Foerster

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