Clinton Morrow

Hong Kong’s Securities and Futures Commission (the SFC) has warned unlicensed virtual asset trading platforms (VATPs) of the potential legal and regulatory consequences of false claims to have applied for SFC-licensing, and providing prohibited services, such as staking. The SFC’s Warning – Virtual asset trading platforms engaging in improper practices – also warns investors of…

The Hong Kong Securities and Futures Commission (the SFC) is consulting on amendments to its Codes on Takeovers and Mergers and Share Buy-backs (the Hong Kong Takeovers Code) which are set out in its Consultation Paper on the proposed amendments to the Codes on Takeovers and Mergers and Share Buy-backs published on 19 May 2023. The proposed changes involve…

Please join us on 1 June 2023 at 3pm HK time (11am UAE time) when Charltons and Alsuwaidi & Company will be hosting a webinar entitled “A Tale of Three Cities: Overview of the legal systems of Abu Dhabi, Dubai and Hong Kong”. We will be joined by the managing partner of Alsuwaidi & Company,…

On 25 November 2022, the Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) held the 13th Mainland and Hong Kong high-level meeting on enforcement cooperation. The SFC’s news release is available here. The SFC and the CSRC, in addition to briefing on recent enforcement outcomes and cooperation, reached a consensus regarding…

n 29 July 2022, The Stock Exchange of Hong Kong Limited (the HKEx) published consultation conclusions on Proposed Amendments to the Listing Rules relating to Share Schemes of Listed issuers and Housekeeping Rule Amendment (the Consultation Conclusions). The HKEx had previously issued the Consultation Paper on Proposed Amendments to Listing Rules relating to Share Schemes of Listed Issuers1 in October 2021 on…

The Digital Asset Executive Order identifies six key risks relating to digital assets: Financial risks – without sufficient oversight and standards, there is a risk of inadequate protections for sensitive financial data, custodial and other arrangements relating to customer assets and funds, and insufficient disclosure of the risks of investing in digital assets. Systemic risk…

On 10 December 2021, the Stock Exchange of Hong Kong Limited (the HKEX) published conclusions to its consultation on enhancing listed companies’ corporate governance practices and reporting1. The HKEX received 214 submissions which were generally supportive of strengthening board independence and promoting better gender diversity on company boards. However, respondents had diverse views on proposals regarding…

On 10 December 2021, the Stock Exchange of Hong Kong Limited (the HKEX) published conclusions to its consultation on enhancing listed companies’ corporate governance practices and reporting1. The HKEX received 214 submissions which were generally supportive of strengthening board independence and promoting better gender diversity on company boards. However, respondents had diverse views on proposals…

The HKEX’s new listing regime allowing SPACs to list on the Main Board of the Hong Kong Stock Exchange will take effect on 1 January 2022 under amendments to the HKEX Listing Rules, including new Chapter 18B on SPAC listings, published in the HKEX’s “Consultation Conclusions on Special Purpose Acquisition Companies” on 17 December 20211.…

On 17 December 2021, the Stock Exchange of Hong Kong Limited (“HKEX”) published conclusions to its consultation on creating a listing regime for special purpose acquisition companies (“SPACs”) in Hong Kong (the “HKEX SPAC Consultation Conclusions”) with the relevant amendments to the Rules Governing the Listing of Securities on HKEX to take effect on 1…