Listing Rules and Guidance: Contents


 
 

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Update No. 109

Note to subscribers for the amendments to the rules governing the listing of securities (the "Listing Rules")

Update No. 109

September 2013

Dear Sirs,

Various amendments to the Listing Rules

We enclose reprinted pages of the Listing Rules and the filing instructions. The reprinted pages incorporate:

(i) amendments to complement the new sponsor regulation proposed in the "Consultation Conclusions on the regulation of IPO sponsors" published by the Securities and Futures Commission on 12 December 2012; and
(ii) minor amendments to the Listing Rules.

We have amended the Listing Rules to:

New Sponsor Regulation

•   dovetail the Listing Rules with the new paragraph 17 of the "Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission";
•   require that an application proof must be substantially complete;
•   impose an 8-week moratorium on listing applications returned on the ground that the application proofs or other related documents are considered not substantially complete and establish an accelerated review process for returned listing applications;
•   implement the proposal to publish the application proof (subject to certain transitional arrangements) and the post hearing information pack ("PHIP") on the Exchange's website at the prescribed timing;
•   introduce the content and publication requirements of application proofs and PHIPs; and
•   refine the number of required documents for new listing applications.

Minor Listing Rule amendments

•   rectify clerical errors; and
•   clarify and/or update relevant definitions, terminology and references.

Coming into effect

The amendments will come into effect on 1 October 2013. Please also refer to the Exchange's announcement of 23 July 2013 for transitional arrangements.

Please click HERE to see the amendments to the Listing Rules.

Yours faithfully,

For and on behalf of
The Stock Exchange of Hong Kong Limited

David Graham
Chief Regulatory Officer and Head of Listing