Tag Archives: Shares

Hong Kong Court of Final Appeal clarifies “innocent purpose” defence to insider dealing

The Hong Kong Court of Final Appeal (CFA) has recently allowed the Securities and Futures Commission’s (SFC) appeal against the Market Misconduct Tribunal’s (MMT) findings that two former executives of a listed company (ATML), Mr Charles Yiu Hoi Ying and … Continue reading

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Filed under Announcements, Asia, Bribery and Corruption, Corporate Crime, Hong Kong, Investigations, Sector Updates by Herbert Smith Freehills

FSA limits requirement for one month’s notice of capital issues

New rules requiring insurers, banks and other BIPRU firms to tell the FSA about proposed issues of shares or other capital instruments demonstrate the importance of participating in FSA consultations.

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Filed under FSA Consultations, JURISDICTIONS, Sector Updates by Herbert Smith Freehills, UK

FSA to require one month’s notice of capital issues

The FSA is proposing that insurers, banks and other authorised firms should tell it at least one month before issuing shares or any other capital instrument that will count as regulatory capital (see Quarterly Consultation Paper CP11/1). The requirement will … Continue reading

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Filed under FSA, JURISDICTIONS, UK