Rule Update - CCASS Operational Procedures

Rule Update - CCASS Operational Procedures

20/10/2011

Amendments to the CCASS Operational Procedures Exchange for the purpose of enabling Hong Kong Securities Clearing Company Limited (“HKSCC”) to accept uncertificated securities issued by overseas-incorporated listed companies as Eligible Securities in CCASS (effective from 20 October  2011)

Amendments for the purpose of enabling Hong Kong Securities Clearing Company Limited (“HKSCC”) to accept uncertificated securities issued by overseas-incorporated listed companies as Eligible Securities in CCASS (effective from 20 October 2011) (Marked-up version of amendments attached for information)

Amendments for the purpose of setting up a new Equity Trading Support Facility (the “TSF”) to facilitate the secondary trading of shares in Renminbi on The Stock Exchange of Hong Kong Limited. Hong Kong Securities Clearing Company Limited will act as the operator of the TSF (effective from 24 October 2011) (Marked-up version of amendments attached for information)

Amendments to enable HKSCC to accept securities of the same class of an issuer for deposit, clearance and settlement in CCASS in more than one currency under separate stock codes or trading counters. The amendments also enable HKSCC to provide a service to all CCASS Participants including Investor Participants to effect cross-counter transfer of such securities (effective from 28 September 2011) (Marked-up version of amendments attached for information)

Amendments to implement a T+2 finality arrangement for money settlement in CCASS (effective from 25 July 2011) (Marked-up version of amendments attached for information)

Amendments to allow Hong Kong Securities Clearing Company Limited ("HKSCC") to settle market contracts in a currency or currencies other than the currency in which the relevant securities are accepted for trading and settlement (the "Eligible Currency") in situations where the Eligible Currency is not freely available or convertible in the market (effective from 7 June 2011) (Marked-up version of amendments attached for information)

Amendments to update the office address of HKSCC as a result of the re-naming of the office building from “Vicwood Plaza” to “Infinitus Plaza” and to effect housekeeping changes (effective from 30 March 2011) (Marked-up version of amendments attached for information)

Amendments to align with the extended trading hours of the securities market (effective from 7 March 2011) (Marked-up version of amendments attached for information)

Amendments to (i) improve the third party clearing arrangements by removing the one-day prior written notice period requirement for the termination of a Clearing Agreement; (ii) simplify the requirement for the submission of Clearing Agreements by GCPs; and (iii) effect minor housekeeping amendments (effective from 22 November 2010) (Marked-up version of amendments attached for information)

Amendments to enable operational readiness for the clearing and settlement of Renminbi denominated transactions in CCASS (effective from 13 September 2010) (Marked-up version of amendments attached for information)

Amendments to the CCASS Operational Procedures to include the posting of information on the HKEx website as a means of communication between HKSCC and its participants (effective from 20 September 2010) (Marked-up version of amendments attached for information)

Amendments to the CCASS Operational Procedures in relation to CCASS services enhancements (take effect from 12 July 2010)

Amendments to the CCASS Operational Procedures in relation to introduction of the term Market Making Security (take effect from 28 June 2010)

Amendments to the CCASS Operational Procedures in relation to the admission of unlisted structured products as eligible securities (take effect from 26 April 2010)

Amendments to the CCASS Operational Procedures in relation to renaming the current Disciplinary Appeals Panel as the Disciplinary Appeals Committee, changing the composition of the Disciplinary Appeals Committee and updating the title of the Clearing Business Unit to the Clearing Division (take effect from 11 December 2009)

Amendments to the CCASS Operational Procedures in relation to the elimination of certain minor fees (take effect from 1 January 2010)

Amendments to the CCASS Operational Procedures in relation to the admission of the Government Bonds (take effect from 20 August 2009)

Amendments to the CCASS Operational Procedures in relation to the suspension of closing auction session (take effect from 23 March 2009)

Amendments to the CCASS Operational Procedures in relation to CCASS services enhancements (take effect from 27 October 2008)

Amendments to the CCASS Operational Procedures in relation to increasing the default fee for failure to settle CNS short stock positions on due dates (take effect from 2 October 2008)

Amendments to the CCASS Operational Procedures in relation to Depositary Receipts (take effect from 1 July 2008)

Amendments to the CCASS Operational Procedures in relation to CCASS services enhancements and other miscellaneous matters (take effect from 28 April 2008)

Amendments to the CCASS Operational Procedures in relation to buy-in exemption and default fee (take effect from 23 January 2008)

Amendments to the CCASS Operational Procedures for the implementation of certain enhancements to CCASS and the introduction of third party clearing (take effect from 3 December 2007)

Amendments to the CCASS Operational Procedures for the implementation of certain enhancements to CCASS (take effect from 9 July 2007)

Amendments to the CCASS Operational Procedures in relation to the Guarantee Fund (take effect from 26 June 2007)

Amendments to the CCASS Operational Procedures for the implementation of certain enhancements to CCASS (take effect from 2 January 2007)

Amendments to the CCASS Operational Procedures in relation to CCASS services enhancements and the implementation of the 5-day clearing week (take effect from 4 September 2006)

Amendments to the CCASS Operational Procedures in relation to corporate actions service fee (take effect from 20 July 2006)

Amendments to the CCASS Operational Procedures in relation to enhancements to CCASS services and various housekeeping matters (take effect from 2 May 2006)

Amendments to the CCASS Operational Procedures in relation to Callable Bull/Bear Contracts (take effect from 27 March 2006)

Amendments to the CCASS Operational Procedures relating to the CCASS Services Enhancement and abolition of the Registration and Transfer Fee on Deemed Book Close Dates (take effect from 1 January 2006)

Amendments to the CCASS Operational Procedures relating to the enhancement of corporate actions processing, the automation of payments, enhancement of SI/ISI processing and the handling charge for registration and transfer fee concession applications (take effect from 8 August 2005)

Amendments to the CCASS Operational Procedures relating to the removal of the initial deposit requirement of the Investor Account Service (take effect from 1 July 2005)

Amendments to the CCASS Operational Procedures relating to further enhancements of Investor Participant account service (take effect from 4 April 2005)

Amendments to the CCASS Operational Procedures relating to (i) the provision of additional "Enquiry EIPO Total Application Quantity and Money Obligation" function to Participants (other than Investor Participants); and (ii) changes or deletions to names of the departments of Hong Kong Securities Clearing Company Limited (take effect from 6 December 2004)

Amendments to the CCASS Operational Procedures to allow the appointment of settlement agent by a CCASS Participant (take effect from 8 November 2004)

Amendments to the CCASS Operational Procedures relating to the enhancements to the Settlement Instruction matching process (take effect from 11 October 2004)

Amendments to the CCASS Operational Procedures relating to the enhancements to the services of the Central Clearing and Settlement System (take effect from 23 August 2004)

Amendments to the CCASS Operational Procedures relating to the handling charge for unclaimed entitlements and the basis for calculation of dividend collection fee (take effect from 1 June 2004)

Amendments to the CCASS Operational Procedures relating to the issue of retail bonds (take effect from 16 April 2004)

Amendments to the CCASS Operational Procedures relating to the implementation of the Derivatives Clearing And Settlement System (take effect from 6 April 2004)