Update No. 87
Note to subscribers for the amendments to the rules governing the listing of securities (the "Listing Rules")
Update No. 87
Various amendments to the Listing Rules
We enclose reprinted pages of the Listing Rules. The reprinted pages incorporate:-
We also enclose the filing instructions.
Closing auction session
Amendments have been made to rule 2.07C(4)(a) and note 1 to rule 13.45 in order to align the operational hours of the Electronic Disclosure regime for publication of the majority of announcements with the new market trading hours upon implementation of the closing auction session on 26 May 2008.
Further delegation of power to approve listing of structured product issues
Amendments have been made to rules 15A.04 and 15A.52(6) allowing the Executive Director - Listing to delegate the power to approve the listing of structured products within the Listing Division. These amendments have been made to provide greater operational flexibility and to more closely align the responsibilities for processing and approving the majority of structured product issues.
Amendments to Listing Rule fees in respect of structured products
The listing fees for CBBCs have been reduced by 70% to place a previous temporary arrangement on a permanent footing.
Coming into effect
The amendments to align the operational hours of the Electronic Disclosure regime with the implementation of the closing auction session will become effective on 26 May 2008.
The amendments delegating the power to approve the listing of structured products came into effect and the power was exercised on 19 February 2008.
The amended fees in respect of CBBCs come into immediate effect.
For and on behalf of
The Stock Exchange of Hong Kong Limited
Head of Listing