06 Apr 2024

SFC consultation paper on proposals to enhance REIT regime and SFO market conduct regime for listed CIS (Consultation Paper)

The Securities and Futures Commission (SFC) published the Consultation Paper on a statutory framework for real estate investment trusts (REITs) and an enhanced market conduct regime for listed collective investment schemes (CIS) under the Securities and Futures Ordinance (SFO).

The proposals aim to allow Hong Kong REITs to undergo privatisation and corporate restructuring using a statutory scheme of arrangement and compulsory acquisition mechanism, similar to other listed companies. Measures will be introduced to safeguard and protect REIT unitholders under the statutory regimes. Furthermore, various SFO market conduct regulations will also be extended to listed CIS in order to strengthen market integrity and investor protection.

Please read the Consultation Paper HERE and email any comments you may have on or before Friday 3 May 2024 along with your membership number and contact details to research@hkcgi.org.hk. Depending on views received by the Institute, if any, the Institute may consider making a submission.

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