Exchange to Require Fewer Hard Copies of Issuer Documents
Regulatory
01 Aug 2008
THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
Exchange to Require Fewer Hard Copies of Issuer Documents
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has amended its rules to reduce the number of hard copies of documents which issuers are required to provide to the Exchange from 1 September this year.
Drafts of the amendments were included in the Exchange’s Combined Consultation Paper on Proposed Changes to the Main Board Listing Rules and the Growth Enterprise Market Listing Rules (together, the Listing Rules) published in January this year for public exposure to solicit comments on whether the wording of the drafts might result in ambiguities or unintended consequences. The consultation period ended on 7 April.
The amendments are the same as the draft amendments in the Combined Consultation Paper, with the exception of the following:
2. |
minor drafting changes, including those to address comments received from respondents. |
The requirements from 1 September are summarised in table below.
Document
|
Hard copies required to be provided to
the Exchange
|
Listed issuer’s announcement or notice |
Nil |
New applicant’s announcement or notice |
1 |
Listed issuer’s certified copy of a resolution |
Nil (unless specifically requested) |
New applicant’s certified copy of a resolution |
1 |
Listed equity issuer’s circular or listing document (including application form) |
Nil |
Listed equity issuer’s financial report |
1 |
IPO listing document (including application form) pursuant to Main Board Listing Rule 9.14 or 20.16 and GEM Listing Rule 12.24 |
4 (in addition to copies submitted for registration as a prospectus under the Companies Ordinance) |
“In keeping with the spirit of these amendments we encourage early adoption of the new hard copy requirements,” HKEx's Head of Listing, Richard Williams, said.