Note to subscribers for the amendments to
the rules governing the listing of securities (the "Listing Rules")
Update No. 91
Review of Model Code for Securities Transactions by Directors of Listed Issuers (the “Model Code”)
We have amended the “black out” period in rule A.3 of the Model Code in Appendix 10 of the Listing Rules during which a director is prohibited from dealing in the securities of the listed issuer. As amended, the black out period applicable to the publication of a listed issuer’s annual financial results is 60 days and the black out period for half-year and other interim periods is 30 days.
The listed issuer must notify the Exchange in advance of the commencement of each period during which directors are not allowed to deal under rule A.3(a).
We enclose the filing instructions.
Coming into effect
The amendment will come into effect on 1 April 2009.
Please click HERE to see the amended Rule.
For and on behalf of
The Stock Exchange of Hong Kong Limited
Head of Listing