Securities & Futures Commission of Hong Kong

Practice notes

Practice Notes are issued by the Takeovers Executive to provide informal guidance as to how the Takeovers Executive normally interprets and applies certain provisions of the Codes. They should not, however, be considered as an alternative to consulting the Takeovers Executive as to how the Codes apply to a particular case.

Practice Notes are reviewed by the Takeovers Executive periodically and are revised or withdrawn as appropriate. The following table indicates the topic, relevant rule(s) of the Codes and the month on which each Practice Note was issued or last revised (as the case may be). As each Practice Note states the position as at the date on which it is issued previous Practice Notes that have been amended or withdrawn are removed from the SFC's website.

Practice note Topic Relevant rules Issue month
PN1
 
 
R28
Dec 2016
PN2
 
 
R10
Mar 2015
PN3
(withdrawn on 31.3.2011)
   
PN4
R18.1
Sep 2007
PN5
R12.1
Mar 2014
PN6
R13
Sep 2009
PN7
R11.1(f)
Dec 2007
PN8
Introduction - Section 6
Dec 2007
PN9
Definitions, R21, R22, R23, R26, R35
Sep 2010
PN10 Note 1 on dispensations from Rule 26 Jun 2008
PN11 R12.1 Mar 2014
PN12 Note 4 to Rules 3.1, 3.2 and 3.3 Sep 2017
PN13 Note 1 to R3.5 Sep 2008
PN14
(withdrawn since combined with PN2 on 30.09.2013)
   
PN15 Rule 3.5 and Note 3 to Rule 3.5 Dec 2012
PN16 Definitions Mar 2014
PN17 R25 Jun 2009
PN18 R31.3 Mar 2014
PN19 Note 8 to Rule 26.1 Sep 2012
PN20
 
 
 
 
Rule 12 Mar 2017
PN21 Note 6(a) to Rule 26.1 Mar 2016
4.4874 s