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Update No. 44

Note to subscribers for the amendments
to the rules governing the listing of securities on the Growth Enterprise Market
(the “GEM Listing Rules”)

Update No. 44

December 2012

Dear Sirs,

GEM Listing Rule amendments consequential on the statutory backing of the obligation to disclose price sensitive information

We enclose reprinted pages of the GEM Listing Rules and the filing instructions.  The reprinted pages incorporate amendments to the GEM Listing Rules set out in the Consultation Conclusions on Rule Changes Consequential On The Enactment Of The Securities And Futures (Amendment) Ordinance 2012 To Provide Statutory Backing To Listed Corporations’ Continuing Obligation To Disclose Inside Information published on 30 November 2012.

We have amended the GEM Listing Rules to:

B02A24241D934714AD273561037F6D6D minimise duplication and overlap with the Securities and Futures (Amendment) Ordinance 2012 which implements the statutory obligation to disclose inside information;
 
B02A24241D934714AD273561037F6D6D remove the existing continuing disclosure obligations which will become part of the statutory regime;
 
B02A24241D934714AD273561037F6D6D make changes consequential on the removal of these core provisions; and
 
B02A24241D934714AD273561037F6D6D introduce the concept of “trading halt”.

Coming into effect

The amendments will come into effect on 1 January 2013.

Please click HERE to see the amendments to the GEM Listing Rules consequential on the statutory backing of the obligation to disclose price sensitive information.

Yours faithfully,

For and on behalf of
The Stock Exchange of Hong Kong Limited

Mark Dickens JP
Head of Listing


Updated 28 Dec 2012

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