China

Details

  • Service: Advisory
  • Type: Publication series, Regulatory update
  • Date: 7/20/2012

Disclosure of Price Sensitive Information (PSI): A statutory obligation for Hong Kong listed corporations from 1 January 2013 

China Boardroom Update - Issue 3, July 2012

 

On 1 January 2013, amendments to the Securities and Futures Ordinance (SFO) will come into effect, providing statutory backing for the Hong Kong Securities and Futures Commission (SFC) to institute civil proceedings against Hong Kong listed corporations and officers who fail to disclose inside information to the public in a timely manner.

 

Alongside recent updates to the Corporate Governance Code of the Listing Rules, the new statutory PSI disclosure regime marks a positive step in enhancing Corporate Governance and market transparency in Hong Kong, and ensures Hong Kong remains on par with other international jurisdictions.

China Boardroom Update
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