Author Description

Over the past five years since the previous edition, the legal landscape around the Securities and Futures Ordinance (SFO) has been particularly active, keeping legal professionals engaged with numerous cases and enforcement actions. A search of the Judiciary's website reveals 191 judgments related to the SFO, and the Securities and Futures Commission has issued 313 enforcement news items during this period. These developments are reflected in the current edition, with many of these matters involving the General Editor and the expert contributors of this title. The 2025 Edition of Securities and Futures Ordinance (Cap.571) continues to be a valuable resource for those engaged in this dynamic and rapidly evolving area of law. Contents: PART I PRELIMINARY PART II SECURITIES AND FUTURES COMMISSION PART III EXCHANGE COMPANIES, CLEARING HOUSES, EXCHANGE CONTROLLERS, INVESTOR COMPENSATION COMPANIES, AND AUTOMATED TRADING SERVICES PART IIIA OTC DERIVATIVE TRANSACTIONS PART IV OFFERS OF INVESTMENTS PART IVA OPEN-ENDED FUND COMPANIES PART V LICENSING AND REGISTRATION Part VI CAPITAL REQUIREMENTS, CLIENT ASSETS, RECORDS AND AUDIT RELATING TO INTERMEDIARIES PART VII BUSINESS CONDUCT, ETC. OF INTERMEDIARIES PART VIII SUPERVISION AND INVESTIGATIONS Part IX DISCIPLINE, ETC. PART X POWERS OF INTERVENTION AND PROCEEDINGS PART XI SECURITIES AND FUTURES APPEALS TRIBUNAL PART XII INVESTOR COMPENSATION PART XIII MARKET MISCONDUCT TRIBUNAL PART XIV OFFENCES RELATING TO DEALINGS IN SECURITIES AND FUTURES CONTRACTS, ETC. PART XIVA DISCLOSURE OF INSIDE INFORMATION PART XV DISCLOSURE OF INTERESTS PART XVI MISCELLANEOUS PART XVII REPEALS AND RELATED PROVISIONS