Articles: Disclosure of interests

Articles: Disclosure of interests - securities

SFC reprimands and fines M Y Securities Ltd
SFC, 5-Jan-2011
The SFC doesn't say who the two substantial shareholders are though. The SFC approves all shareholders of 10% or more in a licensee, but does not publish the list.

Orgs
- M Y Securities Limited

Red paint thrown at pair after firms go to court
HK Standard, 10-Dec-2010

Orgs
- Bel Global Resources Holdings Limited

People
- Sy, Stephen Chin Mong

Tags
- Directors' sharedealings

Proposed law sells HK short
If the Government consulted the public on a speed limit of 50km/h, then set it at 4km/h, wouldn't you wonder why? That's what the SFC has done after a consultation which from the outset was a solution in search of a non-existent problem. We call on the SFC to withdraw or amend its proposed filing requirements for 0.02% short positions and to focus with Government on filling the gap in the existing law by requiring public disclosure of short positions, including derivatives, at the same level as long positions, currently 5%. What do you think? Take our poll! (7-Mar-2010)

Orgs
- HKSAR Government
- SECURITIES AND FUTURES COMMISSION

Tags
- Short-selling

SDI breaches go dark at SFC
The SFC has quietly stopped disclosing details of successful prosecutions for failure to disclose shareholdings, including the name of the offender and the company involved. This is important information for investors, and we urge them to reinstate it. We also look at its questionable and inconsistent policy of redacting names from historic press releases. (6-Oct-2009)

Orgs
- SECURITIES AND FUTURES COMMISSION

Tags
- Directors' sharedealings
- Free speech & transparency

Conclusions paper on mandatory electronic submission of disclosure of interests notices
SFC, 3-Apr-2008

Responses on mandatory electronic submission of disclosure of interests notices
SFC, 3-Apr-2008

Consultation paper on mandatory electronic submission of disclosure of interests notices
SFC, 30-Nov-2007

Disclosure of Pledges
After recent one-day crashes in several stocks, there is renewed focus on the need to disclose share pledges. Some, including the CEO of HKEx, have suggested that this can be dealt with in the Listing Rules. But they are missing the point - HKEx has no jurisdiction over shareholders. There is a simple solution - remove the exemption of banks and brokers from the disclosure law. (7-Sep-2004)

State Securities Above the Law
In another Webb-site.com exclusive, five years after the market intervention, an investor with over HK$87bn of stocks has claimed exemption from the new law which protect investors in Hong Kong, which includes disclosure, insider dealing and market manipulation. The Government claim comes from a written response to questions we raised at the MTRC AGM. We look at the implications. (8-Jun-2003)

Orgs
- MTR CORPORATION LIMITED

Tags
- Free speech & transparency

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