SFC Consultation Paper on possible reforms to the prospectus regime in the Companies Ordinance
The Securities and Futures Commission (SFC) released a Consultation Paper launching the final phase of a three-part review and reform exercise designed to modernise the regime governing the public offering of shares and debentures in the Companies Ordiance. The primary objectives for this exercise are to facilitate securiteis issuance in Hong Kong as well as to enhance investor protection.
A
copy of the Consultation Paper may be found at the following link:
http://eapp01.sfc.hk/apps/cf/ProspectusRegime.nsf/eng/main
The consultation period will close on 30 November 2005.
News on MPF Guidelines and Code
Mandatory Provicent Fund Schemes Authority has
recently approved the revised
Guidelines and Code of Conduct for MPF Intermediaries.
Letter from MPF Schemes Authority (14 July 2005)
News on Tax Concession
The Hong Kong Capital Markets Association
welcomes the passing of
the Revenue (No.3) Bill 2003 which allows more favourable tax concession to
qualifying debt instruments.
Tax Concession Information (5 November 2003)
Investor Education Seminar
The Securities and Futures Commission ("SFC") and the Hong Kong Exchange ("HKEx") are joint-hosting a series of investor education seminars with the Open University of Hong Kong, starting from 30th August 2003. The seminars comprise of various topics and aspects of investments, including bonds, for individual investors in Hong Kong. Such objectives are aligned with the Education Sub-Committee's mission and the HKCMA is glad to be one of the supporting organisations of this forthcoming event.
Details of these seminars can be obtained from the following link http://www.hkcma.org/education/HKCMA_seminar_investorseries03.PDF , or via the following website: www.ouhk.edu.hk/lipace
Members are welcome to attend any of these seminars upon individual registration with the hosting organisation.
The first seminar was successfully conducted on 15 September 2003, a presentation was given by Ms. Helen Wong, HKCMA Chairman. Here presentation materials can be downloaded from the below link:
