SFC concludes consultation on proposals to pave way for fully digitalised public offerings

The Securities and Futures Commission (SFC) has concluded its consultation on proposals to eliminate mixed media offers (MMOs) in favor of a fully digitalized subscription process for public offerings in Hong Kong. All respondents supported the move, which will restrict subscriptions to online channels only, replacing printed application forms with electronic prospectuses. This initiative aims to enhance regulatory efficiency and support the transition to a paperless market, aligning with the uncertificated securities market regime. The SFC plans to formalize these amendments and present them to the Legislative Council for approval. Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR13