After two rounds of public consultations, on 5 June 2023, the Securities and Futures Commission published the Consultation Conclusions (the "Consultation Conclusions") on proposed changes to the Securities and Futures (Contracts Limits and Reportable Positions) Rules (the "Rules") and the Guidance Note on Position Limits and Large Open Position Reporting Requirements (the "Guidance Note").
The relevant amendments to the Rules have been published on the Government Gazette on 27 October 2023, and tabled at the Legislative Counsel on 1 November 2023. The amended Rules will be effective on 22 December 2023.
This client alert summarises the key changes to the amended Rules.
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