HONG KONG: New SFC Guidance Addresses Market Misconduct

Thursday November 28 2019

On 21^st November 2019, the Securities and Futures Commission (SFC) issued a statement to remind listed companies about their disclosure obligations together with a circular on the conduct expected of asset managers. These measures are part of the SFC’s ongoing efforts to tackle market and corporate misconduct.

The SFC’s statement reminds listed companies to ensure that their announcements and other documents do not include false, incomplete or misleading information about their counterparties in pending corporate transactions.

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