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Arbitration
Asset Management & Funds
- Authorised Funds & Products
- Hedge Fund Services
- Securities and Futures Commission
- SFC Compliance & Licensing
Banking & Finance
- Banking & Finance Litigation
Capital Markets
- Debt
- Derivatives & Securitisation
- Regulatory Compliance
China Practice
- Corporate Governance & Employment Matters for foreign enterprises
- Cross-border M&A
- Dispute Resolution in China
- Foreign Investment
- Intellectual Property in China
- Recognition & Enforcement of Judgment and Arbitral Award in China
Commercial Crime
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- Bribery, Fraud & Corruption
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- Insider Dealing
Competition
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Corporate Finance
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- Commercial Advisory
- Corporate Services
- Private M&A
- Public M&A/Takeovers
Employment, Privacy & Discrimination
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Insolvency & Restructuring
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Insurance & Personal Injury
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- Personal Injury & Medical Negligence
Intellectual Property
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Litigation & Dispute Resolution
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- Defamation
- Family Law Dispute & Litigation
- Intellectual Property Dispute & Litigation
- Professional Indemnity
- Shareholders and Partnership Dispute & Litigation
Private Equity & Venture Capital
Real Estate
- Project Development
- Private Equity Real Estate
- Real Estate Transactions
- Real Estate Finance
- Real Estate Management Issues
- Real Estate Dispute & Litigation
- Landlord & Tenant
Regulatory & Compliance
- AML/ CFT
- Bribery, Fraud & Corruption
- Contentious Regulatory
Shipping & Logistics
Technology
Wills, Probate & Trusts

Regulatory Compliance

To maintain and promote the fairness, efficiency, transparency and orderliness of the financial industry of Hong Kong, sophisticated regulation has been put in place to market participants. Financial regulation is also a rapidly evolving area as financial technology advances and global market environment changes.

Having established in the international financial centre of Hong Kong, we provide clients with all-round advice, which takes into account various factors such as regulatory compliance, potential legal liability, vetting process by the regulators, corporate governance and business reputation. We are experienced in handling a wide range of regulatory issues both on a local and multi-jurisdictional basis.

We support clients on formulating practical measures in preventing non-compliance and in minimising risks of disciplinary, civil and criminal penalties. For instance, we have advised clients on structuring capital market transactions, which complies with the Main Board and GEM Listing Rules of SEHK, and the regulations relating to derivatives and securitization.

Our high calibre team can provide your business with innovative solutions in this increasingly regulated financial market.

Our related regulatory compliance services include advising clients on dealing with anti-money laundering investigations and white-collar crimes. Please refer to our Commercial Crime and Litigation & Dispute Resolution practices.

If you would like to know more about our capital markets practice or how we can help your business, please contact us at (852) 2810 1212 or at capital@onc.hk.

Please refer to our articles in ‘Knowledge’

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SFC publishes a new circular on ESG fund disclosures

On 29 June 2021, the Securities and Futures Commission (the “SFC”) issued the Circular to Management Companies of SFC-authorised Unit Trusts and Mutual Funds – ESG Funds (the “Circular”) to provide guidelines on enhanced disclosures for funds which incorporate environmental, social and governance (“ESG”) factors as a key investment focus (“ESG Funds”). The Circular includes a new requirement for ESG Funds to conduct and disclose periodic assessment and reporting of how they incorporate ESG factors. It will take effect on 1 January 2022 (the “Effective Date”) and supersede the Circular to Management Companies of SFC-authorized Unit Trusts and Mutual Funds – Green or ESG Funds dated 11 April 2019 (the “Previous Circular”).

SFC proposes to introduce an over-the-counter securities transactions reporting regime for shares listed on the Stock Exchange of Hong Kong

Currently, securities transactions which are not recorded by the Stock Exchange of Hong Kong Limited as on-exchange orders nor required to be reported to SEHK as off-exchange trades have been used in many manipulation schemes investigated by the Securities and Futures Commission. On 4 December 2020, the SFC issued a consultation paper for the proposal to introduce an over-the-counter securities transactions reporting regime for shares listed on the SEHK by around Q3 of 2022. The consultation period will end on 4 March 2021.

SFC introduces investor identification and OTC securities transaction reporting regime

On 10 August 2021, the Securities and Futures Commission (the “SFC”) issued the consultation conclusions (the “Consultation Conclusions”) on proposals to (i) implement an investor identification regime at trading level for the local securities market (the “IDR Regime”) and (ii) introduce an over-the-counter securities transactions reporting regime for shares listed on the Stock Exchange of Hong Kong (the “OTCR Regime”) (the “Proposals”). The respondents broadly agreed with the Proposals and the SFC will proceed with the implementation of the IDR Regime and the OTCR Regime, which are expected to be launched in the second half of 2022 and the first half of 2023, respectively.