Regulatory Alerts2005-03-31
Added · Updated
SFC Press Release on Extracts and Advertisements Concerning Prospectuses under the Companies Ordinance
The Securities and Futures Commission issued a press release warning intermediaries that advertising extracts or abridged versions of prospectuses without proper authorization is unlawful. The regulator highlighted that recent unauthorized publications of IPO prospectus extracts on investment service websites may violate section 38B(1) of the Companies Ordinance. Registered institutions are required to implement adequate controls and procedures to ensure strict compliance with these advertising prohibitions.
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