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Hong Kong – SFC’s Consultation Service On Statutory Disclosure Regime Available From 1 December 2012.

23 December, 2012

 

Legal News & Analysis – Asia Pacific – Hong Kong – Dispute Resolution

 

The statutory disclosure regime whereby listed corporations will be required to disclose price sensitive information in a timely manner (backed by civil sanctions for non-disclosure) and the SFC’s Guidelines on Disclosure of Inside Information, will come into effect on 1 January 2013.

 

On 29 November 2012, the SFC announced that, with effect from 1 December 2012, it will provide a consultation service to listed corporations, to assist them understand and comply with the disclosure provisions. Consultations will take the form of verbal discussions and the views expressed by the SFC will be preliminary and non-binding.

 

Contact details for the consultation service are on the SFC’s website:

 

http://www.sfc.hk/web/EN/regulatory-functions/listings-and-takeovers/corporate-disclosure/consultation-service.html

 

 

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