Navigating the SFC’s Guidelines on Market Soundings

With the SFC’s Guidelines on Market Soundings now in effect, it’s timely for firms to review their internal policies and procedures to ensure they remain aligned.

We recently co-hosted a webinar with the Hong Kong Securities and Investment Institute, featuring expert insights from Eugène Goyne and Rui da Silva of EY. The session covered:
– An overview of the SFC’s consultation conclusions
Scope of application, including listed shares and definitions of market sounding information
– Core principles: handling information, governance, and monitoring controls
Specific disclosure requirements for recipient persons
– Areas of uncertainty where SFC clarification may be beneficial
– Recommended responses and control framework essentials for intermediaries
– Real-life case studies firms may encounter

At PWMA, we believe keeping our members informed of regulatory developments is essential. We look forward to hosting more of these informative sessions in the future!