Month: May 2024

JML Response to SFC Consultation on REIT Schemes and CISs Enhancements

By JML

JML Response to SFC Consultation on REIT Schemes and CISs Enhancements

We welcome and are generally in support of the proposals outlined in the SFC Consultation Paper (“Consultation Paper”) in March 2024 on (i) introducing a statutory scheme of arrangement and compulsory acquisition mechanism for real estate investment trusts (“REITs”) and (ii) enhancing the SFO market conduct regime for listed collective investment schemes (“CISs”).

We believe the proposals will be conducive to addressing a current gap in the regulatory framework for REITs listed in Hong Kong. The proposals will also more closely align the treatment of REITs with comparable international markets such as Australia and Singapore. The proposed enhancements to CISs are also welcome.

Our responses to the questions raised in the Consultation Paper are set out below.

JML Response to SFC Consultation on REIT Schemes and CISs Enhancements 20240524

Financial Services Regulatory Update 2024/05/24

By JML
  • People’s Bank of China, Hong Kong Securities and Futures Commission, and the Hong Kong Monetary Authority Jointly Release Enhancements, and Hong Kong Exchanges and Clearing Limited Implements Enhancement on Swap Connect to Advance High-quality Opening-up of China’s Financial Markets
  • Regulatory Concerns Against Greenwashing in Hong Kong
  • Hong Kong Exchanges and Clearing Limited Publishes Updated Guide for New Listing Applicants
  • Hong Kong Exchanges and Clearing Limited Publishes Regrouped Frequently Asked Questions for Debt Securities Issuers
  • Hong Kong Exchanges and Clearing Limited Publishes New and Regrouped Frequently Asked Questions for Structured Products Issuers
  • Hong Kong Exchanges and Clearing Limited Publishes Enforcement Bulletin April 2024
  • Hong Kong Monetary Authority Extends Green and Sustainable Finance Grant Scheme, Expands Scope to Cover Transition Finance
  • Hong Kong Government and Hong Kong Securities and Futures Commission Extend Grant Scheme for Open-ended Fund Companies and Real Estate Investment Trusts
  • Hong Kong Securities and Futures Commission and Hong Kong Monetary Authority Hong Kong Monetary Authority Publish Joint Circular on Thematic Review of Non-Exchange Traded Investment Product Distribution
  • Cayman Islands Government Publishes the Anti-Money Laundering (Amendment) Regulations, 2024
FS_Regulatory_Update_JML 20240524

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