Securities and Futures Ordinance (CAP 571): Commentary and Annotations, 2017 Edition

 

The 2017 Edition is fully updated: reviewing and analysing the recent amendments to the law with cross-referencing to corresponding legislation:
1. Changes to the Companies Ordinance (Cap.622) regarding the incorporation of open-ended investment fund companies
2. New regulations regarding the over-the-counter (OTC) derivatives market – as regulated in accordance with Securities and Futures (Amendment) Ordinance) 2014 
3. New regulations providing supervisory assistance to regulators outside of Hong Kong (i.e. printed licences and certificates of registration) – as prescribed in the Securities and Futures (Amendment) Ordinance 2015
4. New regulations for the incorporation, registration, and management of open-ended fund companies (OFC) – the Securities and Futures (Amendment) Ordinance 2016introduces this new OFC structure allowing companies to be more flexible in their share issuing structure
5. New powers given to the Securities & Futures Commission to resolve a company under financial distress as a result of the (new) Financial Institutions (Resolution) Ordinance (Cap.628) 
6. Touches on the proposed on the HK Exchange’s company listing reforms – controversial as lawmakers/attorneys and the Securities Futures Commission have differing views
7. New duty of care on Financial Institutions creating a new action in tort for damages – investors may now file a claim for damages if the financial products sold by these financial institutions are not reasonable suitable 
The latest edition book analyses the latest and most recent reforms and amendments to the Ordinance with cross-referencing to all related codes, guidelines and circulars, etc. This text continues to be a comprehensive and practical guide which provides a better understanding and analysis of the law.