Market Turnover
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On this page you will find an overview of key continuing obligations for listed issuers (and, where applicable, guarantors) of debt securities under the Listing Rules. The topics listed on this page are not meant to be exhaustive, and are intended to help listed issuers and guarantors navigate their regulatory responsibilities under the Listing Rules.
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Disclosure obligations

Issuers (and, where applicable, guarantors) are required to announce:

  1. Any information which may have a material effect on an issuer/guarantor’s ability to meet the obligations under structured products
  2. Any change in the issuer’s or guarantor’s credit rating and/or where the net asset value of the issuer or guarantor has fallen below HK$2 billion
  3. Any information which is necessary to avoid a false market in its structured products
  4. Any inside information that is required to be disclosed under the Inside Information Provisions of the Securities and Futures Ordinance
  5. Any change in terms of the structured products (e.g. changes arising from corporate actions of the underlying assets)
Prompt response to Exchange enquiries
The issuer (and, where applicable, guarantors) must respond promptly to the Exchange's enquiries concerning unusual price movements in the price or trading volume of listed structured products, the possible development of a false market, or any other matters.
Provision of liquidity
Issuers are required to provide liquidity for each structured product in accordance with the manner set out in the Listing Rules.
Publication of financial information

Structured products issuers and their guarantors are required to publish their financial information within the prescribed times under the Listing Rules.

For details see: Chapter 15A and Appendix E5 of Main Board Listing Rules