SFC Discards Plans for Legislative Amendments on IPO Sponsor Prospectus Liability
In a surprising change of direction, the SFC has discarded plans to amend Hong Kong’s companies legislation to make it clear that sponsors of IPOs have statutory prospectus liability.
Supplemental Consultation Conclusions
On 22 August 2014 the SFC issued consultation conclusions (supplemental to the December 2012 consultation conclusions (“First Conclusions”) on IPO sponsors’ regulation) regarding sponsor’s civil and criminal liability for misstatements in a prospectus.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post