The Exchange's Response to the SFC's Statement in Relation to the Draft Proposal on Weighted Voting Rights
Corporate
25 Jun 2015
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, has noted the comments of the Securities and Futures Commission (SFC) in relation to the Draft Proposal on Weighted Voting Rights.
As stated in the consultation conclusions to the concept paper on weighted voting rights, the Exchange has said that since any rule amendments require approval by the SFC’s board of directors, their view will be material to the final proposal that the Exchange puts forward for formal second stage consultation.
The Exchange will further engage with the SFC and the Exchange’s Listing Committee will decide the best way forward in light of the views of the SFC.
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