Sfc Amends Interest Disclosure Rule

摘要

The Securities and Futures Commission (SFC) has amended a set of guidelines to exempt open-ended collective investment schemes (CIS) offered to the public and listed locally as corporations from disclosure of interests requirements, following a month-long public consultation.rnPart XV of the Securities and Futures Ordinance (Disclosure of Interests) requires corporate insiders (substantial shareholders, directors, shadow directors and chief executives of a listed corporation) to give notice of their interests to the listed corporation and the stock exchange on occurrence of certain events. A corporate-form collective investment scheme listed on the exchange, such as an ETF in corporaternform, is technically a listed corporation under Part XV. This means, if not for the exemption, its corporate insiders come under the disclosure obligations under Part XV.