Articles: Statutory backing of Listing Rules

The alternative Budget Speech, 2013: Prosperity through Reform
Webb-site reveals the Hong Kong Budget Speech which should be delivered next Wednesday. (22-Feb-2013)
Government to legislate on disclosure of price sensitive information by listed corporations
HK Government, 11-Feb-2011
Conclusions on statutory backing of PSI disclosure rule
HK Government, 11-Feb-2011
PSI: civil sanctions will fail
International Financial Law Review, 2-Jun-2010
An article by Rachel Evans, Asia Editor of IFLR, reproduced from its June edition with permission.
Webb on "Backchat" re market reforms, tycoons and the political structure
RTHK, 31-Mar-2010
Webb on "Newswrap" re proposed statutory backing of a listing rule (audio)
RTHK, 29-Mar-2010
Consultation paper on guidelines on disclosure of inside information
SFC, 29-Mar-2010
Consultation begins on draft guidelines on disclosure of inside information
SFC, 29-Mar-2010
Consultation paper on statutory codification of one of the Listing Rules
HK Government, 29-Mar-2010
Government proposes requirements on disclosure of price-sensitive information by listed corporations
HK Government, 29-Mar-2010
Presentation by David Webb at a conference on Shareholder Rights
 (22-Mar-2010)
HKEx: no reform to placing mandate...or anything else
HKEx's decision to leave the Rules on dilutive issue mandates unchanged is an insult to investor opinion, expressed by their voting on this matter. Since the 2008 blackout saga, the Government and its regulators are unwilling to upset the local business elite with reforms. As China heads for an international currency, the tycoons are not as important to the market's future as HKEx seems to think they are. (27-Oct-2009)
Responses to consultation on statutory Listing Rules
SFC, 28-Feb-2007
Conclusions on proposed statutory Listing Rules
SFC, 28-Feb-2007
SFC announces revised approach to statutory backing of Listing Rules
SFC, 28-Feb-2007
Building a Value Proposition for HK
HK Chief Executive Donald Tsang recently convened an Economic Summit of 33 people, which spawned 4 focus groups, including one on financial services, which in turn produced 3 working groups, one of which, headed by HKEx government-appointed director and Chairman Ronald Arculli, has sought submissions on the markets. This is our submission. (4-Oct-2006)
Consultation paper on statutory Listing Rules
SFC, 7-Jan-2005
Announcement of legislative proposals to enhance the regulation of listed companies
SFC, 7-Jan-2005
Submissions on Proposals to Enhance the Regulation of Listing
 (30-Mar-2004)
D-graded PERL of the Orient
The Government has announced its decision on Proposals to Enhance the Regulation of Listing. This represents only glacial progress. While they leave the door open for more meaningful reform in future phases, that is about as likely and imminent as universal suffrage, and not unrelated to that problem. We also look at the way investors have been relegated to a footnote in the report. (28-Mar-2004)
PERL: Strickland's Submission
It transpires that Webb-site.com editor David Webb was not the only director of HKEx to make a personal submission to the Government on the Listing Consultation. We have obtained a copy of John Strickland's submission, and in the interests of transparency, we publish it here. (28-Mar-2004)
Conclusions on proposals to enhance the regulation of listing
HK Government, 26-Mar-2004
Submissions on proposals to enhance the regulation of listing
HK Government, 26-Mar-2004
Our PERL Submission
Webb-site.com editor David Webb, an investor-elected director of HKEx, has submitted his response to the Government's consultation on Proposals to Enhance the Regulation of Listing. You can read it here, and make your own submission using our form. (1-Feb-2004)
SFC makes submission to Government on statutory backing of Listing Rules
SFC, 29-Jan-2004
"There should be options...to pursue criminal sanctions for more serious conduct." (para 3.12)
The Reason for Resistance
We take a detailed look at the ongoing battle over the regulation of listed companies in Hong Kong, now in its third round of consultations after the PIPSI report and the Expert Group report, and take a look at the HKEx Chief Executive's recent statements on the subject, which has yet to be discussed by the board to which he reports, including Webb-site.com editor David Webb. (30-Oct-2003)
Consultation Paper on Proposals to Enhance the Regulation of Listing
HK Government, 3-Oct-2003
Hong Kong takes stock of market regulation
Asia Times Online, 11-Apr-2003
Disserving the Public Interest
HKEx, having announced a commitment to co-operate with Government's adoption of the Expert Group's plan to shift its regulatory role to the SFC, is now fighting it. We sat down last Monday with Charles Lee, who said that HKEx was obliged to put the public interest first and co-operate with the Government's proposal. Now he has done a U-turn. Did HKEx make a false and misleading announcement? And what about dictum meum pactum? (31-Mar-2003)
Hong Kong: System under Scrutiny
Asiamoney, 27-Mar-2003
Expert Group Submission
In the interests of transparency and debate, Webb-site.com is publishing its submission to the Expert Group to Review the Operation of the Securities and Futures Market Regulatory Structure. The three-man group has the opportunity to recommend far-reaching reforms. (25-Nov-2002)
PIPSI Report
The report by the Government-appointed Panel of Inquiry into the recent "Penny Stocks Incident" was released on Tuesday. Webb-site.com looks beyond the blame game and into the recommendations for structural reform of the regulatory system. (15-Sep-2002)
PIPSI Submission
The HK Financial Secretary appointed a 2-man Panel of Inquiry into the recent "Penny Stocks Incident". In the interests of transparency, Webb-site.com is publishing the letter we received from PIPSI and our submission in response. (18-Aug-2002)
Listing Chaos
We review a chaotic month on the Government policy front in general and the HKEx in particular, and look at the broader issues surrounding the current proposals, or rather the lack of them. Merging two issuer-dominated Listing Committees together will not address the needs of investors, while the Government ducks the real problem of having a for-profit toothless regulator rather than SFC regulation and statutory backing for the Listing Rules. (28-Jul-2002)

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