In its Quarterly Report released today, the Securities and Futures Commission (SFC) summarises key regulatory developments in the reporting period of October to December 2012.
The SFC:
- issued consultation conclusions on its proposed initial public offering sponsor regime in December. The new requirements will apply to listing applications submitted on or after 1 October 2013;
- put in place the new statutory disclosure regime under which Hong Kong-listed companies are required to disclose inside information to the public from 1 January 2013;
- launched the Asia Pacific Takeovers Regulators Forum with the Securities Commission, Malaysia to facilitate an exchange of views regarding takeovers-related matters;
- co-hosted a seminar and a roundtable with the Hong Kong Monetary Authority and the Organisation for Economic Co-operation and Development to discuss financial consumer protection and investor education in Asia;
- reviewed the listing application for conversion from B shares to H shares for listing in Hong Kong, a first for a company to conduct such conversion;
- issued a theme inspection report on the selling practices of licensed corporations to highlight deficiencies and shortcomings;
- authorized the first dual-counter Renminbi Qualified Foreign Institutional Investor A-share exchange-traded fund; and
- supported the official launch of the Investor Education Centre in November.
The report is available under "Published resources> Corporate publications> Quarterly reports" on the SFC website.
