The paper proposes standards of conduct for intermediaries involved in bookbuilding and placing activities in ECM and DCM transactions.
On 8 February 2021, the Securities and Futures Commission of Hong Kong (SFC) published a consultation paper on (i) the Proposed Code of Conduct on Bookbuilding and Placing Activities in Equity Capital Market (ECM) and Debt Capital Market (DCM) Transactions and (ii) the “sponsor coupling” Proposal (Consultation Paper).
Please see full publication below for more information.