HONG KONG: SFC Issues Guidance in Light of New Mainland Rules for Overseas Listings

Monday March 20 2023

On 17^th March 2023, the Securities and Futures Commission (SFC) released guidance to reflect the Mainland’s new regulations for overseas listings which will take effect on 31^st March 2023. 

The SFC issued a Frequently Asked Question (FAQ) relating to the “Disclosure of interests in PRC issuers” under Part XV of the Securities and Futures Ordinance, while the Takeovers Executive published Practice Note 25 to guide market practitioners on the application of the Codes on Takeovers and Mergers and Share Buy-backs under the new rules. 

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