Circular to Intermediaries - Frequently Asked Questions (FAQs) on (i) the Code of Conduct on Bookbuilding and Placing Activities in Equity Capital Market and Debt Capital Market Transactions and (ii) “Sponsor Coupling”

The conduct requirements for (i) bookbuilding and placing activities in equity capital market and debt capital market transactions and (ii) “sponsor coupling” as stipulated in paragraph 21 and 17.1A of the Code of Conduct¹, respectively, will become effective on 5 August 2022.  

In view of a number of questions raised by financial institutions and industry associations, the SFC has issued FAQs today to provide further guidance and clarifications to facilitate an effective implementation of policies, procedures and controls for market participants to comply with the relevant requirements.

Should you have any queries regarding the contents of this circular, please contact Ms Seine Luk at 2231 1696.

Intermediaries Supervision Department
Intermediaries Division
Securities and Futures Commission

End

SFO/IS/023/2022

¹ Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission

Click here to download the document