Delay in Part XIVA disclosures will not be tolerated

The Securities and Futures Commission has successfully brought proceedings against listed companies and their management for breaches of the disclosure requirements under Part XIVA of the Securities and Futures Ordinance since the disclosure regime came into force in 2013. The SFC has also recently initiated proceedings at the Market Misconduct Tribunal against four listed companies and their officers. It is clear that the SFC is vigilant in monitoring and curbing late disclosure of price sensitive information.

This client briefing highlights some of the key points of the enforcement actions and discusses some of the key cases in respect of Part XIVA breaches over the past six years.

The Chinese language version of this briefing can be found here.