Tuesday June 17 2014

News Source: Global Disclosures

Focus: Major Shareholdings

Type: General

Country: Hong Kong




The Securities and Futures Commission has published revised guidelines on Hong Kong major shareholdings disclosures pursuant to Part 15 of the Securities and Futures Ordinance.

The revised guidance replaces the 2003 guidance, and covers the following topics:

  • The meaning of “interests in shares”
  • Derivative interests
  • Calculation of a long position
  • Changes in the nature of interest
  • Exemptions and disregarded interests
  • Treatment of securities borrowed and lent
  • Controlled corporations
  • Timing of notifications
  • Details of forms and means of filing
  • Concert parties

Click on the above link for the revised guidance.