16 Jan 2020
On 14 January 2020, the Securities and Futures Commission (the Commission) announced the early release of UBS Securities Hong Kong Limited (UBS) from a previous disciplinary penalty which suspended its license to act as a sponsor for listing applications on the Hong Kong Stock Exchange.
In this Client Briefing, we highlight some of the remarks made by the Commission in reaching its decision, in particular some positive features in UBS’s internal governance and control processes, which the Commission stated was assessed at standards which were “equivalent to those that are expected to be adopted by all licensed sponsors”.
To view the Chinese language version of this briefing, please click here.
This material is provided for general information only. It does not constitute legal or other professional advice.
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