Compliance, Legislative & Regulatory Standards

[Webinar] Disclosure of Interests – Practical Issues

Overview

This course summaries the legal framework of Disclosure of Interests (“DI”) and highlights new changes and updates. It will examine practical issues for DI reporting, exemptions available and shares common pitfalls in complying with DI requirements. Some recent DI enforcement cases will also be discussed to illustrate common breaches.

Objective

This course will introduce the legal framework of disclosure of interests (DI) in Part XV of the Securities and Futures Ordinance (Cap.571). The DI regime requires directors, chief executives and substantial shareholders of companies listed in Hong Kong to disclose their interests in the companies’ securities. Failure to make a proper DI reporting is a criminal offence. The DI regime is extremely complex. Practically, the reporting of DI can be confusing and tedious and is subject to a high risk of inadvertent and technical breach. The seminar aims to clarify the practical issues in complying with the DI regime.

Content

1. What is DI?
2. Why does DI matter?
3. Who is required to report DI under the SFO?
4. When should I report DI?
5. Where do I report DI?
6. How to apply the exemptions?
7. Recent development in DI

Who should attend

Senior management of listed companies, professional investors, SFC licensees and ROs and financial services professionals.

Speaker/Course Instructor

Donald LAI
Donald is a solicitor, certified public accountant and chartered company secretary. Before working as a regulatory legal counsel of a financial institution, he was a veteran regulator. Donald earned two undergraduate and two post-graduate degrees in accounting and law from universities in Canada, Hong Kong, and the UK. Donald specialises in securities laws. He was a part-time lecturer of Baptist University responsible for teaching “Securities Regulation” to post-graduate students. He is one of the contributing editors of the 2018 and 2019 editions of the SFO: Commentary and Annotations.

Details

Code
TPRCR22010502
Date & Time
Thursday, 23 Jun 2022 (6:30PM - 9:30PM)
Venue
Virtual Platform
Relevant Subject
Type 6 - Advising on corporate finance
Regulatory Compliance
Language
English
Hours
SFC:3.00, PWMA:3.00
Fees
All Member: HK$810
Staff of Corporate Member: HK$810
Non-Member: HK$1620
Student Member (UHKSI): HK$405