Structured products bill to be tabled in HK
Wednesday, June 30, 2021 7:02 AM

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HONG KONG, Jun. 30, 2010 (Xinhua News Agency) -- The Securities and Futures and Companies Legislation (Structured Products Amendment) Bill 2010 will be tabled at the Legislative Council for first reading on July 14 to unify the regulatory regime for public offers of structured products (NYSE:HZK) , according to the Hong Kong Special Administrative Region government website on Wednesday.

The Financial Services and the Treasury Bureau of Hong Kong said on Wednesday that under the current legislation, public offers of structured products, depending on their legal form, are subject to the prospectus regime of the Companies Ordinance or the offers of investments regime in Part IV of the Securities n Futures Ordinance, even though such structured products can have similar economic risk and return profiles.

The bill, to be gazetted Friday, aims to rationalize the legislative framework by putting the regulation of public offers of all structured products under the offers of investments regime of the Securities and Futures Ordinance.

Under the proposed regime, the Securities and Futures Commission will authorize the issue of advertisements, invitations or documents relating to structured products, be empowered to authorize structured products, and publish codes and guidelines setting out the regulatory policy on such products.

By issuing codes and guidelines under the Securities and Futures Ordinance, the commission will have more flexibility in setting out its regulatory policy on structured products.

 

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User SymbolConsen EPSEstimate EPSActual EPS
Jim OPNT$0.10$0.09$0.07
XXXXX MNT$0.33$0.33$0.35
XXXXX OPNT$0.10$0.05$0.07
XXXXX PETM$0.33$0.33$0.34
XXXXX JBX$0.70$0.82$0.80
XXXXX HPQ$0.69$0.70$0.70
XXXXX OPNT$0.10$0.09$0.07
XXXXX CHUX$0.31$0.35$0.36
XXXXX HPQ$0.69$0.70$0.70
XXXXX CRM$0.01$0.00$0.01

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joe blowXXXXX DLM$0.22
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klineXXXXX Q$0.09
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