Publication
Judicial Review: what do you need to know?
Judicial review allows a party to challenge the lawfulness of a decision or action made by a public body.
Global | Publication | March 2017
On December 16, 2016, the Securities and Futures Commission of Hong Kong issued a circular to all licensed corporations in Hong Kong, which introduced measures to heighten the accountability of the senior management at licensed corporations and increase awareness of the obligations of senior management under the current regulatory regime (the Manager-in-Charge Regime).
The Manager-In-Charge Regime impacts all SFC licensed corporations and their senior management in Hong Kong. Senior management outside of Hong Kong may also fall within the scope of the Manager-In-Charge Regime if, for example, a core function of a Hong Kong licensed corporation reports directly to a regional or global head situated in another country.
The Manager-In-Charge Regime requires licensed corporations to review their current organisational structure, the roles of senior management and their current responsible officers (ROs) in light of the SFC’s classification of core functions within licensed corporations and its guidelines on identifying Managers-In-Charge of Core Functions (MICs). The Manager-In-Charge Regime also imposes new reporting requirements on licensed corporations.
In view of the Manager-In-Charge Regime commencing shortly on April 18, 2017, below are some key questions to help you assess if you and your organisation are on track for compliance with the Manager-In-Charge Regime.
Further details on the Manager-In-Charge Regime and FAQs can be found on the SFC’s website.
Publication
Judicial review allows a party to challenge the lawfulness of a decision or action made by a public body.
Publication
Welcome to the Q3 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
The English Court of Appeal has decided that an artificial neural network (ANN) was not patentable in Comptroller-General of Patents, Designs and Trade Marks v Emotional Perception AI Ltd [2024] EWCA Civ 825 reversing the finding of the lower court (the High Court), and in so doing agreeing with the UK Intellectual Property Office’s (IPO) original rejection of the patent application on the basis of unpatentable subject matter.
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