Update on the New Regulatory Requirements for Conducting Bookbuilding and Placing Activities in Hong Kong

To address intermediaries’ conduct issues in Hong Kong’s Equity Capital Market and Debt Capital Market, the Securities and Futures Commission has recently revised its Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (the “Code”) to include conduct requirements for bookbuilding and placing activities. The relevant requirements have come into effect on 5 August 2022.