Entire Section

  • Registration services, issue of certificates, registration and other fees (31.23-31.33)

    • 31.23

      The issuer (or its paying agent or registrar) must provide a standard securities registration service in relation to its listed securities in accordance with rule 31.27. The issuer (or its paying agent or registrar) may, but shall not be obliged to, provide an optional securities registration service in accordance with rule 31.28 and/or an expedited securities registration service in accordance with rule 31.29. The issuer (or its paying agent or registrar) must also provide a bulk securities registration service in accordance with rule 31.30 and a certificate replacement service in accordance with rule 31.31. The issuer shall ensure that where the issuer (or its paying agent or registrar) charges a fee for registering transfers or cancelling, splitting, consolidating or issuing definitive certificates relating to the issuer's listed securities, such fee must not exceed, in total, the applicable amounts prescribed in rules 31.24 to 31.31.

    • 31.24

      The issuer shall ensure that where the issuer (or its paying agent or registrar) charges a fee for registering other documents relating to or affecting the title to the issuer's listed securities (e.g. probate, letters of administration, certificates of death or marriage, powers of attorney or other instruments or memoranda and articles of association in respect of a new corporate holder) or for marking or noting documents, such fee must not exceed HK$5 per item per register.

      Note: "per item" shall be defined to mean each of such other documents submitted for registration.

    • 31.25

      It is the responsibility of an issuer whose paying agent or registrar is in breach of any of rules 31.23 to 31.33 to report such breach to the Exchange as soon as it becomes aware of the breach and the Exchange reserves the right to communicate such information to the Commission.

    • 31.26

      Save as provided above the issuer shall ensure that neither it nor its paying agent or registrar or other agents will charge holders or transferee any other fees for any dealings with them in connection with the transfer or transmission of its listed securities.

    • 31.27

      (1) Standard securities registration service: The issuer shall (or shall procure that its paying agent or registrar shall) issue definitive certificates arising out of a registration of transfer or the cancelling, splitting, consolidating or issuing (otherwise than pursuant to rule 31.31 of certificates within:—
      (a) 10 business days of the date of expiration of any right of renunciation; or
      (b) 10 business days of the receipt of properly executed transfer or other relevant documents or the relevant certificates.
      (2) The fee for registration pursuant to the standard securities registration service shall not exceed, in total, the higher of the following:—
      (a) HK$2.50 multiplied by the number of certificates issued; or
      (b) HK$2.50 multiplied by the number of certificates cancelled.

    • 31.28

      (1) Optional securities registration service: The issuer (or its paying agent or registrar) may, but shall not be obliged to, provide an optional securities registration service under which definitive certificates are required to be issued within:—
      (a) 6 business days of the date of expiration of any right of renunciation; or
      (b) 6 business days of the receipt of properly executed transfer or other relevant documents or the relevant certificates.
      (2) The fee for registration pursuant to the optional securities registration service shall not exceed, in total, the higher of the following:—
      (a) HK$3.00 multiplied by the number of certificates issued; or
      (b) HK$3.00 multiplied by the number of certificates cancelled.
      (3) If the issuer (or its paying agent or registrar) fails to effect any registration within the period of 6 business days specified in rule 31.28(1), the fee for such registration shall be that determined in accordance with rule 31.27(2).

    • 31.29

      (1) Expedited securities registration service: The issuer (or its paying agent or registrar) may, but shall not be obliged to, provide an expedited securities registration service under which definitive certificates are required to be issued within:—
      (a) 3 business days of the date of expiration of any right of renunciation; or
      (b) 3 business days of the receipt of properly executed transfer or other relevant documents or the relevant certificates.
      (2) The fee for registration pursuant to the expedited securities registration service shall not exceed, in total, the higher of the following:—
      (a) HK$20.00 multiplied by the number of certificates issued; or
      (b) HK$20.00 multiplied by the number of certificates cancelled.
      (3) If the issuer (or its paying agent or registrar) fails to effect any registration within the period of 3 business days specified in rule 31.29(1), the registration shall be performed free of charge.

    • 31.30

      (1) Bulk securities registration service: The issuer shall (or shall procure that its paying agent or registrar shall) provide a bulk securities registration service, for transfers of listed securities representing 2,000 or more board lots of the issuer's listed securities where the securities are being transferred from the name of a single holder into the name of another or the same single holder. Certificates shall be issued pursuant to the bulk securities registration service within 6 business days of the receipt of properly execute transfers or other relevant documents or the relevant certificates.
      (2) The fee for registration pursuant to the bulk securities registration service shall not exceed, in total, the higher of the following:—
      (a) HK$2.00 multiplied by the number of certificates issued; or
      (b) HK$2.00 multiplied by the number of certificates cancelled.

    • 31.31

      Certificate replacement service: The issuer shall (or shall procure that its paying agent or registrar shall) provide a certificate replacement service. The fee for replacing certificates:—

      (1) representing securities with a market value of HK$200,000 or less (at the time the request for replacement is made) for a person named on the register shall not exceed HK$200.00, plus the costs incurred by the issuer (or its paying agent or registrar) in publishing the required public notice; or
      (2) either:—
      (a) representing securities with a market value of more than HK$200,000 (at the time the request for replacement is made); or
      (b) for a person not named on the register (irrespective of the market value of the securities concerned);
      shall not exceed HK$400.00, plus the costs incurred by the issuer (or its paying agent or registrar) in publishing the required public notice.

    • 31.32

      For the purposes of rules 31.23 to 31.31:—

      (1) the expression "business day" shall exclude Saturdays, Sundays and public holidays in Hong Kong; and
      (2) in computing any period of business days, such period shall be inclusive of the business day on which the relevant transfers, certificates or other documents were received (or, if such documents were not received on a business day, the business day next following their receipt) and of the business day on which the relevant certificates were delivered or otherwise made available.

    • 31.33

      References in rules 31.23 to 31.32 to the issuer's registrar or paying agent providing a service, or to the issuer procuring that its registrar or paying agent shall provide a service, shall not relieve the issuer of any obligations in respect of any acts or omissions of its registrar or paying agent.