SFC proposes enhancements to targeted tools to address corporate misconduct

On March 28, 2025, the Securities and Futures Commission (SFC) announced a consultation on proposed enhancements to the Securities and Futures (Stock Market Listing) Rules (SMLR) to improve regulatory efficiency and investor protection in Hong Kong’s listing market. Key proposals include allowing ongoing disclosure obligations for IPO applicants post-listing, introducing less disruptive alternatives to suspension for post-IPO matters, streamlining trading resumption procedures, and granting issuers the right to seek a full merits review of SFC decisions. SFC Executive Director Mr. Michael Duignan highlighted these changes as beneficial for both investors and issuers, reinforcing Hong Kong’s status as a leading listing destination. The public is invited to submit comments on the proposals by May 23, 2025. Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR44