Hong Kong's Securities And Futures Commission Publicly Censures Two Units Of Bank Of America Merrill Lynch Group For Breaches Of Takeovers Code

The Securities and Futures Commission (SFC) has publicly censured Bank of America, National Association (BANA) and Merrill Lynch International (MLI), units of the Bank of America Merrill Lynch Group (BofAML Group), as a result of their failure to disclose dealings in relevant securities in two transactions (Transactions) in 2015 as required under the Code on Takeovers and Mergers (Takeovers Code).