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Rules and Guidelines

Rule Update - Rules of the Exchange

Updated: 19 June 2008

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)