Full Report.pdf

SFC Regulatory Bulletin_Listed Corporations Feb 2019Eng.pdf
Preview of full report
🔗 Source: sfc.hk
📊 Size: 101 KB
📄 Pages: 4 pages
⬇️ Downloads: 44

Summary

Listed Corporations provides guidance on the SFC's investigative powers and front-loaded regulation approach to prevent harm to investors and protect markets. The SFC intervenes in suspected cases of serious misconduct, such as oppressive or unfair transactions, fraud, or lack of transparency. Directors are reminded to act in good faith and exercise due care and diligence when evaluating corporate transactions. The bulletin includes case studies on IPO and post-IPO cases where the SFC intervened due to concerns about financial information, business models, and fairness of transactions. In these cases, the SFC requested further information, issued letters of concern, and in some instances, the transactions lapsed or did not proceed due to the companies' failure to address the SFC's concerns.

Description

Listed Corporations provides guidance on the SFC's investigative powers and front-loaded regulation approach to prevent harm to investors and protect markets.

Technical Information

  • File Format: PDF
  • File Size: 101 KB
  • Pages: 4
  • Language: EN
  • Total Downloads: 44
  • Last Updated: 2 weeks ago

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