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Legal Briefing
Corporate update – Hong Kong’s vetting requirements, property valuation and trading hours
Practice Area: Corporate Governance
Sector: Business services
Jurisdiction: Global
Published: 07 March 2011
Law Firm: DLA Piper
Overview
The latest corporate update from DLA Piper provides information about the following:
Vetting requirements: The Hong Kong Exchange (HKEx) has decided that for the time being it will not extend the post-vetting regime to announcements about very substantial transactions, despite the success with the regime so far.
Property valuation requirements: The Securities and Futures Commission (SFC) and the HKEx have jointly issued a consultation paper which proposes changes to the property valuation requirements in prospectuses (for listing applicants) and circulars (for listed issuers). The proposals are in response to market comments that the current requirements are unnecessarily burdensome.
HKEx trading hours: Following a consultation process, the HKEx has announced that its trading hours will be extended, subject to regulatory approvals and market readiness, to enhance its competitiveness in the region.
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