SFC concludes consultation on market sounding guidelines

The Securities and Futures Commission (SFC) has released consultation conclusions on new guidelines for market soundings, which are primarily used in block trades. These guidelines establish principles for licensed individuals to safeguard confidential information during such soundings, aiming to uphold market integrity and prevent the misuse of client information. Respondents largely supported the proposals, leading the SFC to refine the guidelines based on feedback. Effective from May 2, 2025, the guidelines will enhance investor confidence in Hong Kong’s capital markets, with a six-month transitional period for compliance.

Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR183