ICMA statement on HK SFC consultation on conduct requirements for bookbuilding and placing activities

 

2 November 2021 ICMA’s cross-industry membership supports the efforts of the Hong Kong Securities and Futures Commission (SFC) to encourage leadership and deliver accountability in line with international debt capital market (DCM) accepted market practice standards and was pleased to provide input to the consultation on conduct requirements for bookbuilding and placing activities.

Following publication of the consultation conclusions we look forward to reviewing the amended Code in detail, and will convene our member firms to determine next steps in implementation for DCM. We aim to facilitate standard practices and documentation to ensure efficient and fair international bond syndication in line with the Code and will work with our membership, as well as the SFC and other market stakeholders, over the next several months to help ensure that the amended Code is fully understood and properly followed in the international debt capital markets.
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