To strengthen the Stock Exchange of Hong Kong Limited (SEHK)’s role as joint regulator with the SFC, new rules were implemented in July 2021 to enhance its disciplinary powers and sanctions. This has not only ensured that disciplinary actions can be brought against a broader range of individuals, but has also increased the range of reputational sanctions that can be imposed.
In the capital market space, following the consultation conclusion on conduct requirements for bookbuilding and placing activities released by the SFC in October 2021, new requirements will become effective in August 2022. This will clarify the roles of capital market intermediaries and set out the expected standards in bookbuilding, pricing, allocation and placing activities.