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Market Existential | Charltons

Market Existential | Charltons

By Charltons

Julia Charlton and various invited guests speak about investment opportunities in many countries, and in China and Hong Kong in particular. Podcast offers you information about history of economics science and up-to-date changes in law system. Our podcast is divided in two categories: Legally Speaking and Market Debate. Under the 'Legally speaking' category we publish speakers performance on one subject and under the 'Market debate' we publish conversations with our guests.
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Hong Kong Regulation of Virtual Assets Trading Platforms

Market Existential | CharltonsNov 20, 2023

00:00
01:58:41
Hong Kong Regulation of Virtual Assets Trading Platforms

Hong Kong Regulation of Virtual Assets Trading Platforms

On 20 October 2023, Julia Charlton presented a webinar on Hong Kong Regulation of Virtual Asset Trading Platform. This webinar will cover Hong Kong’s licensing regime for virtual asset trading platforms, the ongoing obligations and various restrictions on their activities once they become licensed, the statutory offences that cover misconduct involving virtual assets and the latest development of the JPEX scandal. This webinar will cover the following topics in detail: - Introduction to the licensing regimes under the AMLO & SFO; - Key Definitions: virtual assets, VASPs etc; - The Licensing Requirements: Financial Resources; Responsible Officers; Licensed; Representatives; Ultimate Owners & Substantial Shareholders, MICs; - External Assessment Reports; - Licensing Conditions: Token Admission Review Committee; VA due diligence and admission criteria; - Conditions for offering VA for retail trading; - Prohibited activities; - VASP’s obligations re: suitability, disclosure, handling client assets, insurance & compensation; - AML and CTF obligations and Application of Travel Rule to VA transfers; - VASP’s ongoing reporting obligations & CPT requirements; - Market misconduct offences; - AMLO licensing regime’s transitional arrangements; and - Latest development of the JPEX scandal.

Nov 20, 202301:58:41
Insider Dealing in Hong Kong – Overview & Update

Insider Dealing in Hong Kong – Overview & Update

On 8th August 2023, the Securities and Futures Commission (SFC) published its Consultation Conclusions on the changes to Hong Kong's insider dealing regime under the Securities and Futures Ordinance (SFO). The current insider dealing regime only covers securities that are listed on the Hong Kong Stock Exchange, and Courts often have to resort to section 300 of the SFO on prohibiting fraudulent or deceptive schemes in transactions involving securities for cases that involve securities that are listed on overseas markets. The Consultation Conclusions expands the insider dealing provisions to also include dealings in overseas listed securities and derivatives to broaden its territorial scope. This webinar provides a detailed overview of the following aspects under the current and amended insider dealing regime in Hong Kong: - Definitions of insider dealing under sections 270 and 291 of the SFO; - Definition of “listed securities”; - Definition of “connected persons” and “related corporations”; - Definition of “inside information”; - Defences to insider dealing; - Roles of the Market Misconduct Tribunal (MMT) and sanctions that can be imposed; - Civil and Criminal liability of insider dealing in Hong Kong with landmark cases explained; - Amendments to expand insider dealing to cover overseas- listed securities and insider dealing conducted overseas; - Difference in the nature and amount of relief available under section 300 of the SFO and the insider dealing regime;

Nov 16, 202301:27:03
HKEX Consultation Paper on GEM Listing Reforms

HKEX Consultation Paper on GEM Listing Reforms

On 26 September 2023, the Hong Kong Stock Exchange (HKEX) published a Consultation Paper setting out reforms to the GEM Listing Rules aimed at encouraging more companies to list on GEM. The proposal includes an introduction of an alternative listing eligibility test to allow the listing of high growth enterprises that cannot meet GEM’s positive cashflow test, the re-introduction of a streamline transfer mechanism for GEM issuers to transfer to the Main Board, and to align certain GEM Listing Rules requirement with those to the Main Board. This webinar covers the HKEX’s proposals to the GEM Listing Reforms in detail, including 1. introduction and overview of the proposed GEM Listing Reform; 2. background of current GEM market and stakeholder feedback; 3. the proposed new alternative financial eligibility test for initial listing; 4. the proposed post IPO lock up period on controlling shareholders; 5. the proposed amendments to the continuing obligations; and 6. the new streamlined transfer mechanism to the main board.

Nov 13, 202351:08
Overview of the legal systems of Abu Dhabi, Dubai and Hong Kong

Overview of the legal systems of Abu Dhabi, Dubai and Hong Kong

Charltons and Alsuwaidi & Company hosted a webinar entitled “A Tale of Three Cities: Overview of the legal systems of Abu Dhabi, Dubai and Hong Kong”. Julia Charlton was joined by the managing partner of Alsuwaidi & Company, Mr Mohammed Alsuwaidi and senior associates and representatives of the firm. Alsuwaidi & Company is a UAE law firm established over 20 years ago with offices across the UAE, which has represented the interests of over 500 clients in the Gulf Cooperation Council and beyond. Speakers: Mr. Mohammed Alsuwaidi, Managing Partner, Alsuwaidi & Company, UAE, Ms. Julia Charlton, Founding & Principal Partner, Charltons Solicitors, Hong Kong SAR Mr. Ali Alraeesi, Partner, Alsuwaidi & Company UAE Mr. Nidal Alsayed, Head of Banking & Islamic Finance, Alsuwaidi & Company, UAE Mr. Suneer Kumar, Head of Corporate & Commercial, Alsuwaidi & Company, UAE Ms. Vida Grace Serrano, Corporate & Commercial Senior Associate, Alsuwaidi & Company, UAE Mr. Rajiv Suri, IP, Corporate & Commercial Senior Associate, Alsuwaidi & Company, UAE Mr. Craig Cothill, Senior Associate, Alsuwaidi & Company, UAE Moderator: Mr. Patrick M Dransfield, Client Relations Director, Alsuwaidi & Company

Oct 09, 202301:28:15
SFC Consultation on Proposed Takeovers Codes Amendments & Share Buy-Backs

SFC Consultation on Proposed Takeovers Codes Amendments & Share Buy-Backs

The Hong Kong Securities and Futures Commission (SFC) published its Consultation Paper on the proposed amendments to the Codes on Takeovers and Mergers and Share Buy-backs in May of this year. The consultation proposed a number of changes, including the codification of various existing practices of the Takeovers Executive, housekeeping amendments and green initiatives aimed at cutting the number of paper documents published under the Codes. This webinar covers the SFC’s proposed revisions to the Codes in detail, including those to: -the definitions of “close relatives”, “voting rights”, “derivatives” and “on market share buy-backs”; - the provisions on “irrevocable commitments”; - give the Executive express power to issue “Put Up” or “Shut Up” orders; - align the timing for the return of share certificates with the timing of payment of offer consideration; - prohibit offer price disclosure in Talks Announcements; - require special deal disclosures in firm intention announcements; - introduce a number of green initiatives.

Oct 06, 202350:25
Overview of Hong Kong VASP licensing & SFC Consultation Conclusions

Overview of Hong Kong VASP licensing & SFC Consultation Conclusions

The Hong Kong Securities and Futures Commission has recently released its consultation conclusions on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators Licensed by the Securities and Futures Commission in February 2023. This finalises the detailed regulatory requirements for Virtual Asset Trading Platforms operators under the SFC licensing regime. Along with the licensing regime under the new Part 5B of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, which came into effect on 1 June 2023, Hong Kong now has two licensing regimes for entities carrying on a business of operating a virtual asset trading platform. This webinar discusses the requirements for platform operators to become licensed under the two regimes and their ongoing obligations under them. It covers the following topics: ∙ the overview of the Hong Kong Virtual Asset Service Provider licensing regime and the background to the SFC consultation conclusions on the proposed regulatory requirements for Virtual Asset Trading Platform operators; ∙ retail access to licensed virtual asset trading platforms; ∙ insurance or compensation arrangements; ∙ trading in virtual asset derivatives; ∙ other adaptations to existing requirements incorporated into the SFC’s Guidelines for Virtual Asset Trading Platform Operators; and ∙ the transitional arrangements under the licensing regimes.

Oct 05, 202301:00:47
Overview of the legal systems of Abu Dhabi, Dubai and Hong Kong

Overview of the legal systems of Abu Dhabi, Dubai and Hong Kong

Charltons and Alsuwaidi & Company hosted a webinar entitled “A Tale of Three Cities: Overview of the legal systems of Abu Dhabi, Dubai and Hong Kong”. Julia Charlton was joined by the managing partner of Alsuwaidi & Company, Mr Mohammed Alsuwaidi and senior associates and representatives of the firm. Alsuwaidi & Company is a UAE law firm established over 20 years ago with offices across the UAE, which has represented the interests of over 500 clients in the Gulf Cooperation Council and beyond. Speakers: Mr. Mohammed Alsuwaidi, Managing Partner, Alsuwaidi & Company, UAE, Ms. Julia Charlton, Founding & Principal Partner, Charltons Solicitors, Hong Kong SAR Mr. Ali Alraeesi, Partner, Alsuwaidi & Company UAE Mr. Nidal Alsayed, Head of Banking & Islamic Finance, Alsuwaidi & Company, UAE Mr. Suneer Kumar, Head of Corporate & Commercial, Alsuwaidi & Company, UAE Ms. Vida Grace Serrano, Corporate & Commercial Senior Associate, Alsuwaidi & Company, UAE Mr. Rajiv Suri, IP, Corporate & Commercial Senior Associate, Alsuwaidi & Company, UAE Mr. Craig Cothill, Senior Associate, Alsuwaidi & Company, UAE Moderator: Mr. Patrick M Dransfield, Client Relations Director, Alsuwaidi & Company

Jun 20, 202301:28:17
SFC Consults on Proposed Regulatory Requirements for VA Trading Platform Operators

SFC Consults on Proposed Regulatory Requirements for VA Trading Platform Operators

The Securities and Futures Commission of Hong Kong has recently released a consultation paper on proposed regulatory requirements for virtual asset trading platform operators. In light of the rapid growth of virtual assets, it has become increasingly crucial to ensure that these platforms operate fairly, transparently, and securely, with the interests of investors being protected. The proposed regulatory framework, which would require virtual asset trading platforms to be licensed by the SFC, aims to address this need by imposing a range of requirements on these platforms. One of the key requirements proposed in the paper is the implementation of measures to prevent market manipulation, which is a significant risk associated with virtual asset trading. Additionally, the proposed framework would require virtual asset trading platforms to ensure the safe custody of assets, as well as to disclose key information to investors. This would enable investors to make informed decisions and better manage their risks. In addition to these requirements, the consultation paper also sets out a range of requirements for the management of risks associated with virtual assets, including cybersecurity and operational risks. This is particularly important given the increasing frequency and sophistication of cyber attacks in today's digital landscape. Overall, the consultation paper proposes a robust regulatory framework that seeks to address the unique risks and challenges posed by virtual asset trading. It is open for public comment until 31 May 2023, providing interested parties with ample opportunity to provide feedback and shape the future of virtual asset trading in Hong Kong.

Apr 17, 202301:11:17
2022 HKEX and SFC Disciplinary and Enforcement Actions (May - August 2022)

2022 HKEX and SFC Disciplinary and Enforcement Actions (May - August 2022)

On 1 March 2023, Julia Charlton presented a webinar on the HKEX and SFC Disciplinary & Enforcement Actions between May and August 2022. This webinar provided a brief introduction and overview of the trends of the disciplinary and enforcement actions of the HKEX and the SFC from May to August 2022, and considered various enforcement cases of the HKEX and the SFC with an aim to give you an understanding and awareness on the enforcement areas and breaches which were focused by the Stock Exchange and the SFC during the said period. In May 2022, the Stock Exchange took disciplinary actions against several companies and their directors, including Wuzhou International Holdings Limited, CIL Holdings Limited, CR Construction Group Holdings Limited and Zhejiang State-owned Capital Operation Company Limited. These cases underscored the significance of adhering to the disclosure requirements of the Listing Rules, and maintaining robust internal control systems. In June 2022, we witnessed disciplinary actions against Mingfa Group (International) Company Limited and four former directors for failing to report various transactions to the board of directors and failing to comply the disclosure requirements under the Listing Rules. In addition, the SFC publicly reprimanded and fined China Everbright Securities (HK) Limited for failing to implement adequate and effective systems in anti-money laundering and counter-financing of terrorism, and CES Capital International (Hong Kong) Co., Limited for failing to discharge its duties as an investment manager of two funds. In July 2022, RBC Investment Services (Asia) Limited was reprimanded and fined for improper handling of client assets. Concurrently, Rifa Futures Limited was given a penalty for inadequate due diligence and failure to implement secure login methods for clients' internet trading accounts. KTF Capital Management Limited also received a fine for non-compliance with financial resources requirements, while Mr. Chan Ka Hey was banned from re-entering the industry for six months due to his deceptive practices on handling a customer's signature. Lastly, in August 2022, the SFC reprimanded and fined TC Capital International Limited and suspended its responsible officer for failing to discharge duties as the sponsor in connection with the HKEX IPO application for China Candy Holdings Limited. This case accentuated the need for sponsors to conduct reasonable due diligence and maintain proper records. The period between May and August 2022 saw HKEX and SFC take a firm stance on corporate governance, internal control systems, and compliance with the HKEX Listing Rules. These disciplinary actions and enforcement efforts serve as a reminder for companies and directors to ensure they adhere to the relevant regulations and maintain high standards of corporate conducts.

Mar 29, 202357:50
2022 HKEX and SFC Disciplinary and Enforcement Actions (January - April 2022)

2022 HKEX and SFC Disciplinary and Enforcement Actions (January - April 2022)

On 27 February 2023, Julia Charlton presented a podcast on the HKEX and SFC Disciplinary & Enforcement Actions between January and April 2022. This podcast provided a brief introduction and overview of the trends of the disciplinary and enforcement actions of the HKEX and the SFC in the first four months of 2022, and considered various enforcement cases of the HKEX and the SFC with an aim to give you an understanding and awareness on the enforcement areas and breaches which were focused by the Stock Exchange and the SFC during the said period.

Mar 14, 202301:00:23
Virtual Roundtable on Listing Asian companies on Aquis

Virtual Roundtable on Listing Asian companies on Aquis

The London-based Aquis Exchange PLC is a stock exchange group that operates Aquis Exchange -a pan European cash equities trading business, and Aquis Stock Exchange -a primary UK Stock Market composed of a Main Market and a two-tiered Growth Market.   It is authorized and regulated by the UK Financial Conduct Authority and France’s Autorité des Marchés Financiers. For this podcast we were joined by Alasdair Haynes and Philip Olm from Aquis Exchange PLC, Victoria Younghusband from Charles Russell Speechlys’, and Andrew Raca from VSA Capital.   

Podcast covers:  

• An overview of Aquis Exchange. 

• Listing Asian companies on Aquis.  

• Raising Capital in London.  

• Q&As covering topics including ESG listings and Qualifying Markets on Aquis.

Jan 05, 202301:18:11
Listing Opportunities on Nasdaq Dubai

Listing Opportunities on Nasdaq Dubai

Nasdaq Dubai and Charltons’ webinar on Listing Opportunities on Nasdaq Dubai.   Nasdaq Dubai is an international exchange located in the Dubai International Financial Centre with a large and diversified investor base from 212 nationalities. For this podcast, we were joined by Huimin Qiu who is responsible for Nasdaq Dubai’s collaboration with Chinese companies.  

Podcast covers:  

• An overview of Dubai’s capital market. 

• Outline of the listing opportunities on Nasdaq Dubai (Equity & Debt). 

• The options available and listing requirements on Nasdaq Dubai Growth Market. 

• The listing process and how to engage the listings team. 

• Give an overview on the preparation of a prospectus. 

• Q&A covering listing in general on Nasdaq Dubai’s main and growth markets and the investment trends in Dubai’s capital markets.

Jan 03, 202359:45
2022 Virtual Asset (Crypto) Service Providers & Dealers in Precious Metals & Stones

2022 Virtual Asset (Crypto) Service Providers & Dealers in Precious Metals & Stones

On 31 October 2022, Julia Charlton presented a podcast on 2022 Virtual Asset (Crypto) Service Providers & Dealers in Precious Metals & Stones: Hong Kong’s New Regulatory Regimes. This podcast provided an overview of the new Hong Kong licensing regime for virtual asset service providers and the new registration regime for dealers in precious metals and stones, which are both being introduced as amendments to the current Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615 of the laws of Hong Kong). 

These two new regulatory regimes are intended to address the issues identified by the Financial Action Task Force, specifically (i) the gap in the regulation of dealers in precious metals and stones in Hong Kong; and (ii) the growing risks in relation to virtual asset businesses and that virtual asset service providers should be subject to the same anti-money laundering and counter-terrorist financing obligations as financial institutions and be subject to a statutory licensing or registration regime.   

The Financial Services and Treasury Bureau issued a Legislative Council brief in June 2022 summarizing the proposed regulatory regimes and annexing the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022, which sets out certain key provisions of the new licensing regime. At present, the legislative amendments are expected to come into effect on 1 January 2023, excluding certain provisions relating to the virtual asset service providers licensing regime, which are expected to come into effect on 1 March 2023.

Dec 29, 202250:09
SFC Bookbuilding Conduct Requirements – HKEX Listing Rules & Transitional Arrangements

SFC Bookbuilding Conduct Requirements – HKEX Listing Rules & Transitional Arrangements

On 28 October 2022, Julia Charlton presented a podcast on SFC Bookbuilding Conduct Requirements – HKEX Listing Rules & Transitional Arrangements. This podcast provided an overview of the concerns leading to the Bookbuilding Conduct Requirements and an in-depth summary of the key features of the Bookbuilding Conduct Requirements.   The podcast also discussed the expected standards and obligations of OCs and CMIs as well as the amendments to the Listing Rules to reflect the Bookbuilding Conduct Requirements. Transitional arrangements for specific circumstances have been set out by the Hong Kong regulators, which have also been discussed in this podcast.

Dec 27, 202251:53
2022 Insider Dealing in Hong Kong

2022 Insider Dealing in Hong Kong

On 27 October 2022, Julia Charlton presented a podcast on Insider Dealing in Hong Kong – Overview & Update. This podcast provided an overview of the laws on insider dealing in Hong Kong and a summary of the enforcement action and measures against insider dealing, as well as defenses to insider dealing.   The webinar also discussed recent vital cases relating to insider dealing in Hong Kong and the proposed amendments to enforcement-related provisions of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Dec 22, 202254:45
Listing Pre-Revenue Biotech Companies in Hong Kong

Listing Pre-Revenue Biotech Companies in Hong Kong

On 14 October 2022, Julia Charlton presented a podcast on Listing Pre-Revenue Biotech Companies on the HKEx. This webinar is to provide a detailed explanation on listing pre-revenue Biotech Companies.   In April 2018, the HKEx implemented a new listing regime aimed at attracting the listings of companies in high-growth emerging and innovative sectors, particularly from the PRC. This included the introduction of Chapter 18A of the Listing Rules which allows for, and stipulates the requirements for, listing biotech companies that cannot meet the financial eligibility tests of Listing Rule 8.05. Since the introduction of Chapter 18A, the HKEx has become the world’s second-largest and Asia’s largest funding hub for biotech companies.  In order to be considered eligible and suitable for listing under Chapter 18A, the company must meet the definition of a “Biotech Company” which is a company primarily engaged in the R&D, application and commercialization of Biotech products, processes or technologies.  An applicant must demonstrate that it meets the suitability criteria set out in HKEx Guidance Letter GL92-18 “Suitability for Listing of Biotech Companies” (Core Product developed beyond the concept stage, primary engagement in R&D for developing Core Product(s), the primary reason for listing, patents and prior meaningful third party investment).  In addition, Chapter 18A listing applicants must satisfy other eligibility requirements for listing (expected market capitalization, track record, working capital, ownership continuity, and public float). Chapter 18A applicants must have a minimum expected market capitalization of HK$1.5 billion at the time of listing.  Chapter 18A listings enjoy modified requirements relating to the subscription and allocation of IPO shares, including subscription of IPO shares by existing shareholders and Cornerstone Investors.  Biotech Companies are subject to enhanced disclosure under Biotech Company Listing Rule 8.04 and HKEx Guidance Letter GL107-20.  Biotech Companies listed under Chapter 18A of the Listing Rules are subject to additional and modified continuing obligations compared to an issuer with a standard listing. Chapter 18A issuers are identified through the stock marker “B” at the end of their stock name. Biotech Companies are subject to enhanced disclosure in their financial reports. Once a Biotech Company listed under Chapter 18A is able to satisfy one of the three financial eligibility tests under Listing Rule 8.05, the requirements of Listing Rules 18A.09 to 18A.11 cease to apply.

Dec 16, 202254:34
Listing Mineral Companies

Listing Mineral Companies

This podcast is to provide a detailed explanation on listing Mineral Companies.   Mineral and petroleum companies may list on the HKEx, subject to the additional listing eligibility requirements, disclosure standards and continuing obligations set out in Chapter 18 of the Listing Rules. Chapter 18 is a chapter specifically devoted to the listing of Mineral Companies.   Hong Kong’s Main Board has been a popular listing venue for Chinese mining and energy companies and has hosted the listings of some of China’s largest companies in these sectors, including those of China Shenhua Energy Company Limited, China Coal Energy Company Limited and Zijin Mining Group Co. Ltd.  Mineral Companies seeking to list on the HKEx need to satisfy the basic eligibility requirements set out in Chapter 8 of the Listing Rules, as well as additional eligibility criteria for Mineral Companies set out in Chapter 18.  The particular advantage of listing as a Mineral Company is the possibility of obtaining a waiver from the requirement to meet the financial tests for listing set out in Listing Rule 8.05. In order to be eligible for a waiver under Listing Rule 18.04, a listing applicant must establish that it fulfills various conditions.  In addition to the listing document disclosure requirements that generally apply to issuers, Mineral Companies must satisfy additional listing document disclosure requirements. They must include in their listing document a Competent Person’s Report – a public report on their resources and/or reserves prepared by an independent expert, a Competent Person.  Chapter 18 also sets out the disclosure standards applicable to Mineral Companies, both new applicants and listed issuers. Information disclosed by a Mineral Company on mineral resources, reserves and exploration results, as well as petroleum resources and reserves must be prepared in accordance with specified codes.  Listed Mineral Companies are subject to additional ongoing disclosure requirements. Non-Mineral Company listed issuers that propose to acquire assets which are solely or mainly mineral or petroleum assets as part of a Relevant Notifiable Transaction are subject to requirements under Chapter 18.

Dec 14, 202251:51
Disclosure of Interests

Disclosure of Interests

On 10 October 2022, Julia Charlton presented a podcast on Hong Kong’s Disclosure of Interests Regime. This podcast is to provide a detailed explanation of the disclosure of interests regime. Part XV (Disclosure of Interests) of the SFO contains two regimes: one for substantial shareholders, and one for directors and chief executives.  For the purposes of Part XV, substantial shareholders are individuals and corporations who are “interested” in 5% or more of any class of voting shares in a listed company. Substantial shareholders must disclose “interests” as well as “short positions” (of 1% or more) in relation to the voting shares of the listed company.  Directors and chief executives must disclose all interests and short positions in any shares in the listed company. There are no percentage thresholds, and there is no requirement that the shares be voting shares. They must also disclose interests in debentures of the listed company, as well as interests and short positions in shares of and interests in debentures of “associated corporations” of the listed company.  The disclosure must also be made in relation to shares in which a person is “deemed” to be interested, such as the interests of corporations that the person controls.  There are various exemptions where filings are not required. For example, wholly-owned subsidiaries are excluded from making disclosures in certain circumstances if the holding company has complied with its duty of disclosure.  Disclosure filings must be made electronically to the HKEx through the Disclosure of Interests System (the “DION System”) on the HKEx’s website. Generally, filings must be made within three “business days” after the day on which the “relevant event” occurs (or on which the filer becomes aware of the relevant event occurring). “Initial” disclosures must generally be made within 10 business days after the day on which the relevant event occurs (or on which the filer becomes aware of the notifiable interest or short position).

Dec 12, 202249:09
Crypto licensing regime in the UAE

Crypto licensing regime in the UAE

UAE is one of the fastest-growing cryptocurrency markets in the world. The regulatory regimes in Dubai, Abu Dhabi and the wider UAE provide several options for crypto firms to explore and positions the UAE as a regional and global destination for the virtual assets sector.  The podcast focuses on UAE’s current legal framework governing crypto activities as well as the procedure and requirements of obtaining a crypto license.  Speakers: Jehanzeb Awan, Founding Partner & CEO of j. awan & partners

Dec 09, 202201:03:48
Charltons Hong Kong Crypto Regulation Series 2022 | Part 3

Charltons Hong Kong Crypto Regulation Series 2022 | Part 3

The podcast concludes the discussion of Hong Kong’s domestic regulation of cryptocurrencies and related activities. It covers the regulatory status of different types of virtual assets, the SFC’s existing framework for licensing crypto exchanges under the Securities and Futures Ordinance, the new VASP licensing regime to be introduced under amendments to the anti-money laundering legislation and the HKMA’s proposals for regulating certain types of stablecoins.

Dec 07, 202259:44
Charltons Hong Kong Crypto Regulation Series 2022 | Part 2

Charltons Hong Kong Crypto Regulation Series 2022 | Part 2

This podcast considers the progress made in implementing FATF’s revised recommendations (including Hong Kong’s progress). It then focuses on Hong Kong regulation of cryptocurrencies, looking firstly at the scope of the SFC’s regulatory remit and then at the SFC’s requirements for managers and distributors of crypto funds and at the latest HKMA/SFC requirements for intermediaries conducting virtual asset-related activities.

Dec 05, 202257:16
Charltons Hong Kong Crypto Regulation 2022 | Part 1

Charltons Hong Kong Crypto Regulation 2022 | Part 1

The podcast provides a general introduction to crypto regulation looking at key developments in global cryptocurrency markets, before turning to FATF’s revised recommendations requiring the licensing of virtual asset service providers (VASPs) which has resulted in new licensing regimes in member jurisdictions (including Hong Kong). The podcast concludes with a look at some of the latest proposals for stablecoin regulation.

Nov 30, 202201:03:59
HKEX’s New Listing Regime for Overseas Issuers | Legally Speaking

HKEX’s New Listing Regime for Overseas Issuers | Legally Speaking

Julia Charlton presents a summary on Hong Kong Stock Exchange HKEX’s new listing regime for overseas issuers. This podcast provides a detailed explanation of the new listing regime for overseas companies. The revised Hong Kong Stock Exchange HKEX Listing Rules simplified and streamlined the listing regime for Overseas Issuers. The new regime created opportunities for China Chinese “homecoming” stock secondary listings on the Hong Kong Stock Exchange HKEX. China Chinese businesses with primary listings in New York or London are now able to secondary list on the Hong Kong Stock Exchange or HKEX Main Board. The amendments follow the publication of the Hong Kong Stock Exchange HKEX Consultation Conclusions on Listing Regime for Overseas Issuers which adopted the proposals set out in Hong Kong Stock Exchange HKEX Consultation Paper on Listing Regime for Overseas Issuers.

May 16, 202201:29:40
HKEX’s Proposed Listing Rule Changes for Listed Company Share Schemes | Legally speaking

HKEX’s Proposed Listing Rule Changes for Listed Company Share Schemes | Legally speaking

Julia Charlton presents a podcast on Hong Kong Stock Exchange or HKEX’s proposed Listing Rule changes for listed company share schemes. The podcast explained Hong Kong Stock Exchange or HKEX Listing Rule amendments with reference to the existing regime and the position in other jurisdictions. HKEX issued Hong Kong Stock Exchange or HKEX Consultation Paper on Proposed Amendments to Listing Rules Relating to Share Schemes of Listed Issuers on 29 October 2021 and the consultation period ended on 31 December 2021.

May 13, 202252:12
What to expect from the Chinese economy in 2022 | Legally Speaking

What to expect from the Chinese economy in 2022 | Legally Speaking

China’s economic performance for the year 2021 was marked with strong economic growth of 8.1%, as well as several new initiatives and policies aimed to bring about dynamic changes in the country’s economic outlook for the new decade. Listen to our podcast on regulatory background to the Chinese economy with Julia Charlton as she provides an incisive and full overview of all the news and key regulatory trends in the Chinese economy to look out for!

Apr 04, 202201:51:37
STOs in Hong Kong | Legally Speaking

STOs in Hong Kong | Legally Speaking

This podcast starts with a background to security tokens and comparison between security token offerings (STOs) and initial coin offerings (ICOs). A security token is a digital or virtual asset issued on distributed ledger technology (DLT) in the form of a security. Examples include the tokenised shares issued by NYSE or NASDAQ-listed Tesla (TSLA), Coinbase (COIN), Gamestop (GME) and Apple (AAPL) which can be traded on FTX and Binance. Securities tokens can also represent other traditional forms of investment products, as well as “utility” or “network” token (e.g. Munchee token).

Apr 01, 202250:20
SFC Conclusions on Proposed Code of Conduct on Bookbuilding and Placing Activities | Legally Speaking

SFC Conclusions on Proposed Code of Conduct on Bookbuilding and Placing Activities | Legally Speaking

This podcast covers the SFC Consultation Conclusions on Proposed Code of Conduct on Bookbuilding and Placing Activities and Proposal on Sponsor Coupling

Mar 28, 202201:05:52
Cryptocurrency funds and virtual assets in Hong Kong and Cayman | Legally Speaking

Cryptocurrency funds and virtual assets in Hong Kong and Cayman | Legally Speaking

Stuarts and Charltons podcast on Cryptocurrency funds and virtual assets in Hong Kong and Cayman. The podcast covers Fund entities that can be used for cryptocurrency funds, Marketing and managing funds in Hong Kong, Cryptocurrency regulations in Hong Kong and the Cayman Islands, Virtual asset service providers in Hong Kong, The future of digital assets in Hong Kong and the Cayman Islands

Mar 21, 202238:03
The HKEX new listing regime for SPACs | Legally Speaking

The HKEX new listing regime for SPACs | Legally Speaking

The podcast started with the regulatory framework and recent developments in Hong Kong in relation to SPACs. The HKEX’s new listing regime allowing SPACs to list on the Main Board of the HKEX came into effect on 1 January 2022 under amendments to the HKEX Listing Rules, including a new Chapter 18B on SPAC listings. The HKEX also issued a new Guidance Letter 113-22 on Special Purpose Acquisition Companies. As of 18 February 2022, six SPACs have applied to list under the new Chapter 18B.

Mar 14, 202249:10