Exchange Publishes Consultation Paper on Codification of General Waivers and Principles relating to IPOs and Listed Issuers and Minor Rule Amendments

Exchange Publishes Consultation Paper on Codification of General Waivers and Principles relating to IPOs and Listed Issuers and Minor Rule Amendments

Regulatory

02 Aug 2019

  • Consultation seeks views on the proposed codification of new rules and amendments
  • Part of Exchange’s ongoing commitment to enhance listing process in Hong Kong

 
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Friday) published Consultation Paper on Codification of General Waivers and Principles relating to IPOs and Listed Issuers and Minor Rule Amendments (Consultation Paper).

The Exchange has received comments from some market practitioners that its guidance materials should be consolidated and certain requirements set out in the guidance materials should be codified in the Rules.  Therefore as part of its policy agenda for 2019, the Exchange has conducted this codification exercise to (i) improve clarity of the Rules; (ii) ensure the Rules reflect currently acceptable standards in the market place; and (iii) codify a number of administrative provisions that are currently provided in its guidance letters or listing decisions.

The Consultation Paper seeks comments on the proposed codification of:

(i) a number of waivers with general effect previously approved by the SFC;
(ii) the principles and conditions underpinning a number of waivers that have been granted by the Exchange on more than one occasion; and
(iii) minor Rule amendments.

The Consultation Paper also contains proposals on a number of housekeeping amendments to the Rules to correct clerical errors and update outdated references.

Interested parties are invited to submit their comments in writing by 27 September 2019 (Friday) by mail, fax or email as set out in Consultation Paper.

 

 

Ends

Luke Rehmann

Share
Published by
Luke Rehmann

Recent Posts

U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital

WASHINGTON—Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and…

1 day ago

Report on U.S. Portfolio Holdings of Foreign Securities at Year-End 2023

Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities…

2 days ago

READOUT: U.S. Department of the Treasury Hosts Roundtable Discussion on the Financial Sector’s Response to Recent Hurricanes

WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with…

2 days ago

READOUT: Sixth Meeting of the Financial Working Group Between the United States and the People’s Republic of China

WASHINGTON – The United States and the People’s Republic of China held the sixth meeting…

2 days ago

Treasury Sanctions Key Members of La Linea, a Group Involved in Trafficking Fentanyl into the United States

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

2 days ago

TSX Trading Suspended – Chesswood Group Limited (CHW)

TMX Group Limited and its affiliates do not endorse or recommend any securities issued by…

3 days ago