This issue of Sidley’s Hong Kong Regulatory Newsletter discusses recent regulatory and enforcement developments affecting entities that conduct regulated activities in Hong Kong.
In this issue, we cover:
- Civil liability facing executive directors for serious conflicts of interest
- Criminal prosecution facing executives for inflating revenue and profit figures
- The largest civil penalties imposed on senior executives, including non-directorate staff
- Inescapable personal liability facing executives for late disclosures under Part XIVA
The newsletter also provides an analysis of current enforcement trends as well as the SFC’s public warning to asset managers involved in “improper” activities.
Sidley Austin LLP provides this information as a service to clients and other friends for educational purposes only. It should not be construed or relied on as legal advice or to create a lawyer-client relationship. Readers should not act upon this information without seeking advice from professional advisers.
Attorney Advertising—Sidley Austin LLP, One South Dearborn, Chicago, IL 60603. +1 312 853 7000. Sidley and Sidley Austin refer to Sidley Austin LLP and affiliated partnerships, as explained at www.sidley.com/disclaimer.
© Sidley Austin LLP