LLAW6257 (Class B)
General Course Information
1.1 Course details
| Course code: | LLAW6257 (Class B) |
| Course name: | Compliance for Listed Companies |
| Programme offered under: | LLM Programme |
| Semester: | Second |
| Prerequisites: | Completion of Securities Regulation I, or demonstrated extensive knowledge and experience of Listing Rules and other laws and regulations applicable to listed companies. |
| Credit point value: | 9 credits |
1.2 Course description
The course will focus on the compliance issues relevant to companies listed on the Hong Kong Stock Exchange. The approach taken in the course will be very practical the emphasis will be on the procedures and methodologies to ensure compliance with the extensive framework of rules that HKEX listed companies are subject to. Practical compliance exercises will be completed for the topic areas covered.
The course will give students a deeper understanding of the obligations and procedures applicable or relevant to a listed company as well as listed companies should establishing a compliance management system. The course will be of particular relevance to those working in listed companies as well companies that provide services to listed companies.
Topic areas to be covered:
- IPO and post-IPO compliance issues (sponsor regime, the compliance adviser, areas of legal risk)
- LR Chapter 13 compliance
- Corporate Governance and ESG issues for HKEX listcos
- LR Chapter 14 transactions for HKEX listcos (including size test calculations)
- LR Chapter 14A connected transactions (including methodologies for identifying and dealing with connected transactions)
- SFO market misconduct regime relevant issues for listed companies (dealing with short selling attacks, preventing insider dealing in shares, awareness of market misconduct)
- SFO Part XV (disclosure of interests) compliance (including completion of Part XV disclosure forms)
- Weighted voting rights
- HKEX’s disciplinary issues
- Establishing a compliance framework and management system
1.4 Course teachers
| Name | E-mail address | Office | Consultation | |
| Course convenor | Angus Young | alyoung@hku.hk | CCT 301 | By emai |
Learning Outcomes
2.1 Course Learning Outcomes (CLOs) for this course
CLO 1 Understand the framework of laws and regulations affecting a company listed on the Hong Kong Stock Exchange.
CLO 2 Identify and describe the relevance and impact of regulations on the commercial activities of a company listed on the Hong Kong Stock Exchange.
CLO 3 Demonstrate an ability to perform and manage a number of compliance related tasks affecting a company listed on the Hong Kong Stock Exchange.
CLO 4 Apply course content to actual and hypothetical situations.
2.2 LLM Programme Learning Outcomes (PLOs)
Please refer to the following link: https://course.law.hku.hk/llm-plo/
2.3 Programme Learning Outcomes to be achieved in this course
| PLO A | PLO B | PLO C | PLO D | PLO E | PLO F | |
| CLO 1 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 2 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 3 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 4 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Assessment(s)
3.1 Assessment Summary
| Assessment task* | Due date | Weighting | Feedback method* | Course learning outcomes |
| In class participation | N/A | 20% | 1, 2, 3, 4 | |
| Assignment | 27 Mar 2023 | 30% | 1, 2, 3, 4 | |
| Take home exam | TBC | 50% | 1, 2, 3, 4 |
*Students must score 50% in each component to pass the course overall
| *Feedback method (to be determined by course teacher) | |
| 1 | A general course report to be disseminated through Moodle |
| 2 | Individual feedback to be disseminated by email / through Moodle |
| 3 | Individual review meeting upon appointment |
| 4 | Group review meeting |
| 5 | In-class verbal feedback |
3.2 Assessment Detail
To be advised by course convenor(s).
3.3 Grading Criteria
Please refer to the following link: https://www.law.hku.hk/_files/law_programme_grade_descriptors.pdf
Learning Activities
4.1 Learning Activity Plan
| Seminar and lecture: | 3 hours / week for 12 teaching weeks |
| Private study time: | 9.5 hours / week for 12 teaching weeks |
Remarks: the normative student study load per credit unit is 25 5 hours (ie. 150 30 hours for a 6-credit course), which includes all learning activities and experiences within and outside of classroom, and any assessment task and examinations and associated preparations.
4.2 Details of Learning Activities
To be advised by course convenor(s).
Learning Resources
5.1 Resources
| Reading materials: | Reading materials are posted on Moodle |
| Core reading list: | TBA |
| Recommended reading list: | TBA |
5.2 Links
Please refer to the following link: http://www.law.hku.hk/course/learning-resources/