HONG KONG: Post-vetting requirement of certain Hong Kong takeovers-related matters

Monday June 28 2010

The Securities and Futures Commission has announced in a consultation conclusions paper that, with immediate effect, certain routine Hong Kong takeovers-related announcements will no longer be required to be submitted to the Executive for comment prior to publication. The changes came following a four-week public consultation on proposals to relax the current pre-vetting requirement of certain routine announcements issued under the Codes on Takeovers and Mergers and Share Repurchases and to make miscellaneous amendments to the Codes. Details of their comments and the SFC`s responses to those comments are in the conclusions paper.Click on the above link for more details.