On 30 August, SFC issued censure of Yeung Wing Yee for code breaches. Covers public censure and 24-month cold shoulder order against Mr Yeung Wing Yee. For breaching mandatory general offer obligation under Rule 26.1 of Takeovers Code. Mr Yeung to be denied access to Hong Kong securities market for a 24 month period. Background…
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Solutions Atlantic Includes Issuer Request Letters
Solutions Atlantic has expanded the ready submission document set of the Regulatory Reporting System. The market leading solution for SEC Filings and global shareholding disclosure reporting now includes Issuer Request Letters for 10 countries. This broadens the capabilities of RRS to enable customers to readily address the notification requirements of issuers where they have a…
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RRS Expands Required Form Coverage
The Regulatory Reporting System expands its required forms coverage to 55 ready to submit forms across 40 countries. RRS is the only solution that enables customization of form language in the hands of its users. RRS also generates generic forms for countries where no required form is stated.
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Hong Kong – SFC Breach of Takeover Code
On 3 August, HK SFC censured insurance entity on takeover code. China Life insurance failed to disclose dealing in Glorious Property Holdings Ltd. Alleged Violations China Life executed 2,139 trades in shares of Glorious Property, in offer period. Offer commenced when entity announced possible privatization by shareholder. China Life did not make disclosure of the dealing as…
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