Most Read Contributor in Hong Kong, September 2016
Originally published 7 April 2010
Keywords: consultation papers, disclosure,
price sensitive information, inside information
On 29 March 2010, the Financial Services and the Treasury Bureau
("FSTB") published the "Consultation Paper on The
Proposed Statutory Codification of Certain Requirements to Disclose
Price Sensitive Information by Listed Corporations", which
proposes to include in the Securities and Futures Ordinance a
statutory requirement for a listed corporation to disclose to the
public as soon as practicable "price-sensitive
information" that has come to its knowledge.
As part of the above proposal and in parallel with FSTB's
consultation, the Securities and Futures Commission has also
published the "Consultation Paper on the Draft Guidelines on
Disclosure of Insider Information" on the same date, which
proposes a draft set of guidelines to explain "inside
information", a new term used in the proposed legislation to
mean price sensitive information", and its application.
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This article provides information and comments on legal
issues and developments of interest. The foregoing is not a
comprehensive treatment of the subject matter covered and is not
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