Tuesday 8 March 2016

Hong Kong: SFC Principles for Responsible Ownership - consultation conclusions published

Last year the Securities and Futures Commission published a consultation paper setting out its proposed Principles of Responsible Ownership: see here (pdf). Yesterday it published its consultation conclusions, and stated that the Principles are to be adopted but with some modifications. A copy of the amended Principles, together with the SFC's conclusions, is available here (pdf).

The Principles are voluntary and will operate on an 'apply or explain' basis. They are intended for investors who (a) invest money, or hold shares, on behalf of clients and other stakeholders and (b) are accountable to such clients and stakeholders. They are not intended for individual or retail investors.

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