Response to Consultation Papers

As a leading advocate for the finance industry, we respond to the latest topical issues and proposed regulations relating to recommended practices, professional standards, and integrity in both the local finance industry and the global marketplace. We provide insights, comments and suggestions on consultation papers published by the government, regulators and other professional bodies, including the Hong Kong Stock Exchange and the Securities and Futures Commission.
Date Organization Topic Consultation Paper Our Response
16 August 2024 HKEX Review of Corporate Governance Code and Related Listing Rules Download Download
27 May 2024 Securities and Futures Commission (SFC) Consultation on proposals to (i) introduce a statutory scheme of arrangement and compulsory acquisition mechanism for real estate investment trusts and (ii) enhance the SFO market conduct regime for listed collective investment schemes Download Download
29 February 2024 Financial Services and the Treasury Bureau (FSTB) and Hong Kong Monetary Authority (HKMA) Consultation Paper on the Legislative Proposal to Implement the Regulatory Regime for Stablecoin Issuers in Hong Kong Download Download

Date Organization Topic Consultation Paper Our Response
11 December 2023 Securities and Futures Commission (SFC) Consultation Paper on the Proposed Guidelines for Market Soundings Download Download
06 November 2023 HKEX Consultation Paper on GEM Listing Reforms Download Download
14 July 2023 HKEX Consultation Paper on Enhancement of Climate-related Disclosures Under the Environmental, Social and Governance Framework Download Download
30 June 2023 Hong Kong Monetary Authority (HKMA) Discussion Paper on Prototype of a Green Classification Framework for Hong Kong Download Download
31 May 2023 Hang Seng Indexes Consultation Paper on Eligibility of Foreign Companies to the Hang Seng Index ("HSI") and Review Results of the Seven Industry Groups for HSI Constituent Selection and the Number of "HK" Constituents in the HSI Download Download
31 March 2023 Securities and Futures Commission (SFC) Consultation Paper on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators Licensed by the Securities and Futures Commission Download Download

Date Organization Topic Consultation Paper Our Response
16 December 2022 HKEX Consultation Paper on a Listing Regime for Specialist Technology Companies Download Download
30 March 2022 Hong Kong Monetary Authority (HKMA) Discussion Paper on Crypto-assets and Stablecoins Download Download

Date Organization Topic Consultation Paper Our Response
29 October 2021 HKEX Consultation Paper on Special Purpose Acquisition Companies (“SPAC”) Download Download
02 September 2021 Legislative Council Financial Reporting Council (Amendment) Bill 2021 Download Download
17 June 2021 HKEX Consultation Paper on Review of Corporate Governance Code and Related Listing Rules Download Download
28 May 2021 HKEX Consultation Paper on Listing Regime for Overseas Issuers Download Download
10 February 2021 Securities and Futures Commission (SFC) Consultation Paper on Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners Download Download
27 January 2021 HKEX Consultation Paper on Main Board Profit Requirement Download Download
15 January 2021 Securities and Futures Commission (SFC) Consultation Paper on the Management and Disclosure of Climate-related Risks by Fund Managers Download Download

Date Organization Topic Consultation Paper Our Response
14 August 2020 Consultation Paper on Proposed Amendments to the Code on Real Estate Investment Trusts Download Download
08 August 2020 Consultation Paper on Review of Listing Rules Relating to Disciplinary Powers and Sanctions Download Download
22 August 2019 Consultation on Proposed Limited Partnership Fund Regime Download Download
18 July 2019 Consultation Paper on Review of the ESG Reporting Guide and Related Listing Rules Download Download
09 April 2019 Joint Consultation Paper on a Revised Operational Model for Implementing an Uncertificated Securities Market in HK Download Download (19 Jan 2019)

Download (9 Apr 2019)

14 January 2019 Bills Committee on Inland Revenue (Profits Tax Exemption for Funds) (Amendment) Bill 2018 Download Download
30 November 2018 Proposal Relating to Listed Issuers with Disclaimer or Adverse Audit Opinion on Financial Statements Download Download
20 August 2018 Consultation Paper on the OTC derivatives regime for Hong Kong – Proposed margin requirements for non-centrally cleared OTC derivative transactions Download Download
11 May 2018 Further Consultation on Offline Requirements Applicable to Complex Products Download Download
21 March 2018 A Listing Regime for Companies from Emerging and Innovative Sectors Download Download (Joint Reply)

Download (CFAHK Reply)

21 November 2017 Consultation Paper on Capital Raisings by Listed Issuers Download Download Reply

Download Comments

18 August 2017 Consultation Paper on Review of the GEM and Changes to the GEM and Main Board Listing Rules and and New Board Concept Paper Download Download
21 July 2017 Consultation Paper on the Proposed Guidelines on Online Distribution and Advisory Platforms Download Download
03 April 2017 Consultation Paper on the Proposed Amendments to the Securities and Futures (Professional Investor) Rules Download Download
30 March 2017 Proposed Extension of Profits Tax Exemption to Onshore Privately Offered Open-ended Fund Companies Download Download
28 February 2017 Consultation Paper on Proposals to Enhance Asset Management Regulation and Point-of-sale Transparency Download Download
30 November 2016 Consultation on “Proposals to Enhance the Financial Dispute Resolution Scheme” Download Download
17 November 2016 Consultation Paper on Proposed Enhancements to the Exchange’s Decision-Making and Governance Structure for Listing Regulation Download Download
31 May 2016 Consultation Paper on Proposal for Revision of the Stock Option Position Limit Model Download Download
27 April 2016 Exposure Draft of the Guidance Statement on Broadly Distributed Pooled Funds Download Download
05 January 2016 Mandatory Provident Fund Schemes (Amendment) Bill 2015 Download Download
18 September 2015 Consultation Paper on Review of the Environmental, Social and Governance Reporting Guide Download Download
30 June 2015 Consultation Paper on Automatic Exchange of Financial Account Information in Tax Matters in Hong Kong Download Download
02 June 2015 Consultation Paper on the Principles of Responsible Ownership Download Download
27 April 2015 Industry Consultation on the draft Specification of Competency Standards (SCSs) of the Banking Industry – Private Banking Branch Download Download
10 April 2015 Proposal for Introduction of Volatility Control Mechanism in the Securities and Derivatives Markets and Closing Auction Session in the Securities Market Download Download
28 November 2014 Concept Paper on Weighted Voting Rights Download Download Reply

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30 September 2014 Providing Better Investment Solutions for MPF Members Download Download
29 August 2014 Amendments to Terms of Reference to Allow for Disciplinary Proceedings Download Download
19 June 2014 Open-ended Fund Companies Download Download
25 April 2014 Regulation of Alternative Liquidity Pools Download Download
04 April 2014 An Effective Resolution Regime for Financial Institutions in Hong Kong Download Download
26 February 2014 Amendments to the Code on Real Estate Investment Trusts Download Download
10 December 2013 Detailed Proposal of an Enhanced Competency Framework for Private Wealth Management Practitioners in Hong Kong Download Download
30 September 2013 Securities and Futures (Amendment) Bill 2013 Download Download Comment

Download Speaking Note

14 August 2013 Proposed Amendments to the Professional Investor Regime and the Client Agreement Requirements Download Download
06 November 2012 Board Diversity Download Download
18 October 2012 Supplemental consultation on the OTC derivatives regime for Hong Kong Download Download
04 October 2012 Trading Halts Download Download
05 July 2012 Regulation of Sponsors Download Download
21 May 2012 Detailed Legislative Proposals on Trust Law Reform Download Download
13 January 2012 Qualifying Criteria for Private Companies to Prepare Simplified Financial and Directors’ Reports Download Download
03 October 2011 Securities and Furtures (Amendment) Bill 2011 Download Download