Tag Archives: Listing Rules


On 26 March 2018, the Securities and Futures Commission (SFC) published a circular and a report following its second thematic review of sponsors. As with its first thematic review, the SFC found deficiencies in standards of conduct, due diligence practices, … Continue reading

Leave a Comment

Filed under Hong Kong, Non-UK regulation, Regulatory Reform, Sector Updates by Herbert Smith Freehills

Indonesia: New OJK rules on registration requirements for public offerings

On 14 March 2017, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Rule No. 7/POJK.04/2017 on registration statement documents in public offerings of equity securities, debt securities or sukuk (“OJK Rule No.7”). OJK rule No.7 replaces … Continue reading

Leave a Comment

Filed under Asia, Indonesia

Singapore: SGX reprimands oilfield services firm for failure to provide a balanced and fair announcement to the market

The Singapore Exchange (SGX) has issued a public reprimand to Swiber Holdings Limited (Swiber), an oilfield services firm, on 31 October 2016 (Regulatory Announcement) for failing to provide a balanced and fair project announcement to the market. SGX considered that … Continue reading

Leave a Comment

Filed under Asia, Hong Kong

Market abuse update – July 2016

The Market Abuse Regulation (MAR) and the Criminal Sanctions (Market Abuse) Directive came into application in Europe on 3 July 2016.  Various outstanding pieces of secondary legislation were published in the Official Journal shortly before then, and further material has … Continue reading

Leave a Comment

Filed under Americas, Asia, Australia, Europe, European Regulation, France, Hong Kong, Uncategorized, US

UK Listing Rules: fine for failing to identify related party transactions

The FCA’s recent fine for breaches of the Listing Rules, principally in respect of failures in systems and controls to identify related party transactions, illustrates the regulator’s focus on: systems and controls around related party transactions; the need to implement, as well as … Continue reading

Leave a Comment

Filed under FCA, UK

Market abuse update – December 2014

The FCA has continued to build on the strong track record of civil and criminal enforcement action against abusive conduct and manipulation, notably in relation to insider dealing and benchmark manipulation.  The regulator remains committed to strong enforcement action and … Continue reading

Leave a Comment

Filed under Americas, Asia, EU, Europe, European Regulation, FCA, France, HM Treasury, Hong Kong, US

UAE: Review of DFSA Markets Brief No. 6: ongoing market disclosure

The Dubai Financial Services Authority (“DFSA”) is the independent regulator of all financial and ancillary services conducted through the Dubai International Financial Centre (“DIFC”).  In January 2014, the DFSA published Markets Brief No. 6 (“MB6”) which discussed the DFSA’s policy on: … Continue reading

Leave a Comment

Filed under Dubai, Middle East, UAE

Singapore Exchange implements Mainboard Listing Rules for Mineral, Oil and Gas Companies

Following a public consultation in 2012, the Singapore Exchange Securities Trading Limited (“SGX”) has implemented new rules for the listing and continuing reporting obligations applicable to mineral, oil and gas (“MOG”) companies on the SGX Mainboard. These new rules took … Continue reading

Leave a Comment

Filed under Asia, Singapore, Uncategorized

UK: Market Abuse Update 2013

In its first business plan, the FCA promised to continue to treat market abuse as a priority.  Last week, the FCA published details of its first successful enforcement action against a high frequency trader, and today, made four further insider dealing arrests, demonstrating the FCA’s … Continue reading

Leave a Comment

Filed under EU, Europe, UK, UK Legislation

Australia: ASX releases final guidance note on continuous disclosure

ASX has published its finalised updated guidance on continuous disclosure rules in preparation for release in May.   The updated guidance contains even more on immediacy, trading halts, rumour monitoring and announcement triggers.  Targets would be well advised to ensure that … Continue reading

Leave a Comment

Filed under Australia