The date when the new statutory disclosure regime for inside information under Part XIVA of the Securities and Futures Ordinance (“SFO”) comes into effect – 1 January 2013 – is fast approaching. In November, the HK Stock Exchange published its consultation conclusions on consequential changes to the Listing Rules as a result of the new statutory regime. The Listing Rules will be amended from 1 January 2013 to remove from the Listing Rules the obligation to disclose price sensitive information and to clarify the respective roles and responsibilities of the Securities and Futures Commission (“SFC”) and the Stock Exchange. These latest changes are briefly considered here.
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New statutory inside information disclosure regime and amendments to the listing rules come into effect on 1 January 2013 – are you ready?
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