Intermediaries in bookbuilding and placing activities should prepare for the new rules, which will take effect on 5 August 2022.

The Securities and Futures Commission of Hong Kong (SFC) published the “Consultation Conclusions on (i) the Proposed Code of Conduct on Bookbuilding and Placing Activities in Equity Capital Market and Debt Capital Market Transactions and (ii) the ‘Sponsor Coupling’ Proposal” on 29 October 2021. The Code of Conduct provisions (New Code Provisions) will come into effect on 5 August 2022.