Rule Update - Rules of the Exchange 
05/07/2017 
 

Amendments for the purpose of implementing Phase 2 of the Closing Auction Session in the securities markets by allowing the input of short selling orders during the closing auction session, which, except in the case of Designated Index Arbitrage Short Selling, Stock Futures Hedging Short Selling and Options Hedging Short Selling, shall be at a price at or above the CAS reference price (effective from 24 July 2017)  (Marked-up version of amendments attached for information)

Amendments for the purpose of introducing the China Connect Central Gateway and for effecting house-keeping changes to remove the rules and references relating to the Open Gateway and the Special Participant Open Gateway and to reflect the corporate rebranding from “HKEx” to “HKEX” (effective from 17 July 2017)  (Marked-up version of amendments attached for information)

Amendments for the implementation of participant admission appeal procedures (effective from 31 March 2017)  (Marked-up version of amendments attached for information)

Amendments to facilitate the implementation of Shenzhen-Hong Kong Stock Connect (effective from 5 December 2016)  (Marked-up version of amendments attached for information)

Amendments to reflect the abolition of Aggregate Quota under Shanghai-Hong Kong Stock Connect, as referred to in the Joint Announcement issued by the Securities and Futures Commission and the China Securities Regulatory Commission (effective from 16 August 2016)   (Marked-up version of amendments attached for information)

Amendments for the purpose of introducing a volatility control mechanism in the securities market (effective from 22 August 2016)   (Marked-up version of amendments attached for information)

Amendments for the purpose of updating the criteria for designating an automatch stock as being eligible for short selling (effective from 4 July 2016)   (Marked-up version of amendments attached for information)

Amendments for the purpose of introducing a closing auction session in the securities market (effective from 25 July 2016)   (Marked-up version of amendments attached for information)

Amendments to reflect the replacement of the Multi-workstation System and the AMS Terminals by the vendor-supplied securities trading device after completion of the system migration exercise in September 2015 (effective from 29 March 2016)   (Marked-up version of amendments attached for information)

Amendments to provide that the northbound trading of A shares via the Shanghai-Hong Kong Stock Connect will be subject to the circuit breaker mechanism provisions of Shanghai Stock Exchange (effective from 1 January 2016)   (Marked-up version of amendments attached for information)

Amendments for the purposes of reflecting or providing for the arrangements relating to (i) the resignation of China Connect Exchange Participants; (ii) the removal of names of Exchange Participants trading through a China Connect Exchange Participant from the published list; and (iii) the reporting of erroneous northbound transactions to SEHK.  The proposed amendments also include housekeeping changes (effective from 7 December 2015)   (Marked-up version of amendments attached for information)

Amendments to reflect the proposed revision of the handling fee and the transfer fee for A-share trading as announced by the Shanghai Stock Exchange and China Securities Depository and Clearing Corporation Limited (effective from 3 August 2015)   (Marked-up version of amendments attached for information)

Amendments to remove obsolete references to market making transactions of Securities Market Makers being subject to partial remission of stamp duty (effective from 2 July 2015)   (Marked-up version of amendments attached for information)

Amendments to introduce the enhanced pre-trade checking model to facilitate execution of sell orders for China Connect Securities held in Special Segregated Accounts (effective from 30 March 2015)   (Marked-up version of amendments attached for information)

Amendments for the purpose of providing a mechanism to facilitate short selling of eligible China Connect Securities through the China Connect Service under Shanghai-Hong Kong Stock Connect (effective from 2 March 2015)   (Marked-up version of amendments attached for information)

Amendments for the purpose of allowing Exchange Participants to subscribe for temporary throttle rates on a daily and monthly basis under a new Throttle-on-Demand Scheme (effective from 2 January 2015)   (Marked-up version of amendments attached for information)

Amendments for the purpose of enabling the replacement of AMS terminals and the Multi-workstation System with New Securities Trading Devices for trading purposes (effective from 10 November 2014)   (Marked-up version of amendments attached for information)

Further amendments to facilitate the implementation of Shanghai-Hong Kong Stock Connect (effective from 17 November 2014)   (Marked-up version of amendments attached for information)

Amendments to facilitate the implementation of Shanghai-Hong Kong Stock Connect (effective from 17 November 2014)   (Marked-up version of amendments attached for information)

Amendments to (i) introduce the central gateway for providing the communications interface between the Automatic Order Matching and Execution System of the Exchange and the Broker Supplied System and other devices; and (ii) set out the fees and charges to be imposed by the Exchange upon introduction of the central gateway (effective from 9 June 2014)   (Marked-up version of amendments attached for information)

Amendments to align them with the new Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (effective from 26 March 2014)   (Marked-up version of amendments attached for information)

Amendments to repeal Rule 543 in relation to prohibited trading of options on and forward trading in securities listed or admitted to trading on the Stock Exchange, and margin trading (effective from 22 November 2013)   (Marked-up version of amendments attached for information)

Amendments to prescribe requirements for the reporting of transactions executed through an automated trading services provided by an Exchange Participant (effective from 3 October 2012)   (Marked-up version of amendments attached for information)

Amendments to (i) increase the market capitalization and turnover velocity requirements in light of market development; and
(ii) ensure consistency with the wording in the Main Board Listing Rules with respect to stocks eligible for structured product issuance (effective from 3 July 2012)
   (Marked-up version of amendments attached for information)

Amendments to revise the monthly user fees for AMS Terminals and Open Gateways due to the change in the billing arrangement after the migration of the existing circuit network SDNet 1.0 to its next generation SDNet 2.0 (effective from 1 August 2012)   (Marked-up version of amendments attached for information)

Amendments to (i) revise the monthly user fees of trading devices due to the upgrade of AMS/3 SDNet circuit bandwidth for the implementation of AMS/3.8; (ii) terminate the basket order function; (iii) increase the display of market depth from 5 to 10 best price levels; and (iv) reduce the charge for a standard throttle from $100,000 to $50,000 (effective from 5 December 2011)   (Marked-up version of amendments attached for information)

Amendments to revise the monthly fee for the use of a dealing desk at the Trading Hall from the current fee of HK$6,500 to HK$7,250 (effective from 1 November 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 provide that when determining whether a stock should be designated for short selling, The Stock Exchange of Hong Kong Limited may regard the securities of the same issuer that are traded under different trading counters and in different currencies as a single automatch stock (effective from 28 September 2011)   (Marked-up version of amendments attached for information)

Amendments to extend trading hours (effective from 7 March 2011)   (Marked-up version of amendments attached for information)

Amendments to improve the third party clearing arrangements for Exchange Participants by removing the one-day prior written notice period requirement for the termination of a Clearing Agreement (effective from 22 November 2010)   (Marked-up version of amendments attached for information)

Amendments to revise the monthly fees chargeable for the use of trading devices (effective from 22 November 2010)   (Marked-up version of amendments attached for information)

Amendments for the purpose of removing the specified amount of the Securities and Futures Levy and the Investor Compensation Levy from the Rules (effective from 1 October 2010)   (Marked-up version of amendments attached for information)

Amendments to (i) facilitate the automation of stamp duty reporting and payment by Exchange Participants; and (ii) include the publication or posting of notices, directions and other information on the HKEx website as a means of communication between the Stock Exchange and its participants (effective from 20 September 2010)   (Marked-up version of amendments attached for information)

Amendments in relation to the introduction of the term Market Making Security (effective from 28 June 2010)

Amendments in relation to the non-transferability of Stock Exchange Trading Rights (effective from 6 March 2010)

Amendments in relation to the elimination of certain minor fees (effective from 1 January 2010)

Amendments to the Rules of the Exchange in relation to streamlining the provision of information by the Exchange Participants (take effect from 1 June 2009)

Amendments to the Rules of the Exchange in relation to the suspension of closing auction session (take effect from 23 March 2009)

Amendments to the Rules of the Exchange in relation to the use of Dealing Desk by the Exchange Participants  (take effect from 5 November 2008) except that in Rule 802(16) (take effect from 16 January 2009)

Amendments to the Rules of the Exchange in relation to streamlining the admission process of Exchange Participants and the approval and registration process of Responsible Officers and Authorized Persons of Exchange Participants (take effect from 20 June 2008)

Amendments to the Rules of the Exchange in relation to the revised monthly user fees of trading devices (take effect from 5 May 2008)

Amendments to the Rules of the Exchange in relation to the introduction of third party clearing by Hong Kong Securities Clearing Company Limited (take effect from 3 December 2007)

Amendments to the Rules of the Exchange in relation to the introduction of closing auction session (take effect from 26 May 2008)

Amendments to the Rules of the Exchange in relation to the addition of Mexican Pesos as a trading currency (take effect from 12 October 2007)

Amendments to the Rules of the Exchange in relation to the relinquishment of a Stock Exchange Trading Right and the issue of a new one to facilitate Exchange Participant's consolidation of the business of dealing in securities with that of dealing in futures contracts under one entity (take effect from 19 September 2007)

Amendments to the Rules of the Exchange in relation to the definition of Exchange Traded Fund (take effect from 9 March 2007)

Amendments to the Rules of the Exchange in relation to the change in functions of the roles of the Chairman and the Chief Executive Officer of the Securities and Futures Commission (take effect from 5 March 2007)

Amendments to the Rules of the Exchange in relation to the issuance of Trading Rights (take effect from 7 March 2007)

Amendments to the Rules of the Exchange in relation to the reduction of transaction levy (take effect from 1 December 2006)

Amendments to the Rules of the Exchange in relation to selection criteria of Designated Securities for Short Selling (take effect from 19 October 2006)

Amendments to the Rules of the Exchange in relation to the new market maker model for products of Hong Kong Futures Exchange Limited (take effect from 1 February 2007)

Amendments to the Rules of the Exchange in relation to the reduction of minimum spreads (take effect from 24 July 2006)

Amendments to the Rules of the Exchange in relation to Callable Bull/Bear Contracts (take effect from 27 March 2006)

Amendments to the Rules of the Exchange relating to the trading facilities in the renovated trading hall of The Stock Exchange of Hong Kong Limited and the use of access cards by gaining admission into the renovated trading hall by Responsible Officers and Authorized Clerks of Exchange Participants (take effect from 23 February 2006)

Amendments to the Rules of the Exchange in relation to the Securities and Futures (Investor Compensation – Levy) Rules (take effect from 28 October 2005)

Amendments to the Rules of the Exchange in relation to harmonization of SEOCH and HKCC's capital requirements for Clearing Participants (take effect from 1 November 2005)

Amendments to the Rules of the Exchange in relation to dealing in suspended securities (take effect from 8 September 2005)

Amendments to the Rules of the Exchange in relation to the replacement of off-floor trading terminals (take effect from 5 September 2005)

Amendments to the Rules of the Exchange in relation to the use of dealing desks in the new trading hall (take effect from 7 July 2005)

Amendments to the Rules of the Exchange in relation to reduction of minimum spreads and revision of the quotation rule (take effect from 4 July 2005)

Amendments to the Rules of the Exchange in relation to the definition of Exchange Traded Funds, the Spread Table, and enhancements to securities market marking arrangements (take effect from 9 June 2005)

Amendments to the Rules of the Exchange in relation to the Voluntary Relinquishment of First Terminal Scheme (take effect from 24 May 2005)

Amendments to the Rules of the Exchange in relation to the removal of the restriction on the number of Options Hedging Participants which a Market Maker can appoint (take effect from 21 April 2005)

Amendments to the Rules of the Exchange in relation to the registration requirements for Responsible Officers (take effect from 1 April 2005)

Amendments to the Rules of the Exchange to allow transfer of additional throughput rate entitlement between Exchange Participants within the same group of companies (take effect from 24 March 2005)

Amendments to the Rules of the Exchange in relation to the closing price calculation method (take effect from 21 February 2005)

Amendments to the Rules of the Exchange in relation to expanding and rationalising the powers of the Chief Executive of the Stock Exchange to take swift action against a defaulting Exchange Participant (take effect from 1 February 2005)

Amendments to the Rules of the Exchange in relation to the Selection Criteria of Designated Securities for Short Selling (take effect from 27 January 2005)

Amendments to the Rules of the Exchange in relation to the reduction of current monthly user fees for AMS/3 trading devices by 20% (take effect from 1 January 2005)

Amendments to the Rules of the Exchange in relation to the standardisation of minimum spread of HK$0.05 for all debt securities to be implemented in two different stages (take effect from 9 August 2004)

Amendments to the Rules of the Exchange in relation to the standardisation of minimum spread of HK$0.05 for all debt securities to be implemented in two different stages (take effect from 10 May 2004)

Amendments to the Rules of the Exchange relating to the implementation of the Derivatives Clearing And Settlement System (take effect from 6 April 2004)