Corporate Services

HK Companies Can Now Hold Fully Virtual General Meetings
HK Companies Can Now Hold Fully Virtual General Meetings 1400 788 Kelly Ho
Companies (Amendment) Ordinance 2023 modernises the way AGMs or general meetings can be held. Hong Kong’s legislation is gradually embracing modern technology.

HKMA’s Circular on Access to Banking Services
HKMA’s Circular on Access to Banking Services 1400 788 Byron Chow
Advancing financial inclusion and customer fair treament while authorized institutions adopting a proportionate and effective risk-based approach to AML & CFT.

Proposals to Expand Paperless Listing Regime
Proposals to Expand Paperless Listing Regime 1400 788 Hauzen
Exchange now proposes changes to other documentary requirements to further simplify the administrative procedures and reduce the use of paper.

New Inspection Regime for Personal Info on Companies Register
New Inspection Regime for Personal Info on Companies Register 1400 787 Hauzen
Changes aim to enhance protection of sensitive personal information while keeping transparency and usefulness of Companies Register for legitimate purposes.

Publication of Corporate Governance & ESG (Climate Disclosures) Guidance
Publication of Corporate Governance & ESG (Climate Disclosures) Guidance 1400 788 Hauzen
On 5 November 2021, the Exchange published guidance on climate disclosures and analysis of IPO applicants’ ESG practice disclosure in 2020/2021.

HKEx Consultation Paper on Amendments to Listing Rules relating to Share Schemes
HKEx Consultation Paper on Amendments to Listing Rules relating to Share Schemes 1920 1080 Hauzen
On 29 October 2021, the HKEx published a consultation paper on Proposed Amendments to Listing Rules relating to Share Schemes of listed issuers.

Companies Registry News Update: Introduction of Re-domiciliation Mechanisms under Open-ended Fund Company & Limited Partnership Fund Regimes
Companies Registry News Update: Introduction of Re-domiciliation Mechanisms under Open-ended Fund Company & Limited Partnership Fund Regimes 1920 1080 Hauzen
On 15 Oct 2021, the Companies Registry published an external circular introducing the new fund re-domiciliation mechanisms under the open-ended fund company regime and the limited partnership fund regime.

HKSAR Govt welcomes passage of Securities and Futures (Amd) Bill 2021 & Limited Partnership Fund and Business Reg Legislation (Amd) Bill 2021
HKSAR Govt welcomes passage of Securities and Futures (Amd) Bill 2021 & Limited Partnership Fund and Business Reg Legislation (Amd) Bill 2021 1920 1080 Hauzen
On 30 September 2021, the Secretary for Financial Services and the Treasury welcomed the passage of the Securities and Futures (Amendment) Bill 2021 and Limited Partnership Fund and Business Registration Legislation (Amendment) Bill 2021 by the Legislative Council, which are intended to spur the rapid development of the asset and wealth management business of Hong Kong.

SFC reminds public of importance of seeking Executive’s approval of special deals
SFC reminds public of importance of seeking Executive’s approval of special deals 1920 1080 Hauzen
In the SFC’s Takeovers Bulletin published in September 2021, the Securities and Futures Commission (the “SFC”) reminded the public of the importance of seeking the takeover executive’s (the “Executive”) approval of special deals. This article provides an overview of the recent development in this area.

PCPD Publishes Guidance on Ethical Development and Use of AI
PCPD Publishes Guidance on Ethical Development and Use of AI 1920 1080 Hauzen
On 18 August 2021, the Privacy Commissioner for Personal Data published its Guidance on the Ethical Development and Use of Artificial Intelligence to help organisations understand and comply with the relevant requirements of the Personal Data (Privacy) Ordinance when they develop or use Artificial Intelligence in Hong Kong.
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