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Rules and Guidance

In addition to the Listing Rules, this section includes reference materials on: (i) Interpretation and Guidance; (ii) Forms; (iii) Other Resources; (iv) Disciplinary & Enforcement; and (v) e-Submission System.  These materials do not form part of the Rules, nor do they amend or vary any Rule requirements, or absolve issuers and/or their directors of any obligations to make their own judgment.  They speak as of their dates of issue; some information may have been superseded.  Contact the Listing Division with any queries.  The Division can be consulted on a confidential basis.

What's New

This section contains hyperlinks to materials published under “Listing - Rules and Guidance” in the last 6 months. 

Release Date (dd/mm/yyyy)

Particulars

Section

06/09/2019 Questions on recognition of overseas audit firms in relation to the amendments to the Financial Reporting Council Ordinance – Effective on 1 October 2019 (FAQ No.059-2019 to 067-2019) Interpretation and Guidance > Frequently Asked Questions

Other Resources > Letters to Issuers
30/08/2019 Revised Guidance on Typhoon and Rainstorm Warning Arrangements (GL31-12) Interpretation and Guidance > Guidance Letters > Guidance Letters for New Applicants
30/08/2019

•  Updated Guide on Trading Arrangements for Selected Types of Corporate Actions

•  Updated Guide on Disclosure of Record Date, Book Closure and Latest Time for Lodging Transfers of Shares

•  Updated Guide on Distribution of Dividends and Other Entitlements

•  Updated Guide on General Meetings

Listing > Rules and Guidance > Other Resources > Listed Issuers > Guides on the Exchange's Practices and Procedures for Handling Listing-related Matters
30/08/2019 Questions on the Book Closure and Emergency Share Registration Arrangements  in event of “Extreme Conditions” caused by Super Typhoons Interpretation and Guidance > Frequently Asked Questions
30/08/2019

Revised Guidance Letter as a result of the Rule changes on Proposal relating to Listed Issuers with Disclaimer or Adverse Audit Opinion on Financial Statements
•  GL95-18

Interpretation and Guidance > Guidance Letters > Guidance Letters for Listed Issuers
09/08/2019 Publication of the Exchange’s Biannual Enforcement Newsletter Disciplinary & Enforcement > Enforcement Newsletter
26/07/2019

Publication of Listing Decisions

•  Whether the Exchange would impose additional requirements under Rule 2.04 on Company A’s proposed termination of a lease agreement relating to its original entertainment business (LD122-2019)       

•  Whether the Exchange would impose additional requirements under Rule 2.04 on Company A’s proposed continuing connected transaction with Company B (LD123-2019)

Interpretation and Guidance > Listing Decisions
26/07/2019 Consultation Conclusions on Backdoor Listing, Continuing Listing Criteria and Other Rule Amendments Other Resources > Letters to Issuers
28/06/2019 Updated Guide on Trading Arrangements for Selected Types of Corporate Actions Listing > Rules and Guidance > Other Resources > Listed Issuers > Guides on the Exchange's Practices and Procedures for Handling Listing-related Matters
28/06/2019 Revised Checklists and Forms
•  CF025M
•  CF090
•  CF091
•  DR004M
•  DR005M
•  DR008M
•  DR009M
•  DR011
 Forms > Main Board Issuers
 28/06/2019 Revised Checklists and Forms
•  CF025G
•  CF090
•  CF091
•  DR004G
•  DR005G
•  DR008G
•  DR009G
•  DR011
 Forms > GEM Issuers
24/05/2019 Consultation Conclusions on Proposal relating to Listed Issuers with Disclaimer or Adverse Audit Opinion on Financial Statements Other Resources > Letters to Issuers
17/05/2019 Publication of Consultation Paper on Review of the Environmental, Social and Governance Reporting Guide and related Listing Rules, and Guidance Materials on ESG and Gender Diversity Other Resources > Letters to Issuers
17/05/2019 Updates of FAQs and Guidance Letter in respect of ESG and gender diversity:
• FAQ Series 17 and 18           
GL86-16
Interpretation and Guidance
07/05/2019 Revised Checklist and Form

FF002
Forms > Main Board Issuers
07/05/2019  Revised Checklist and Form

FF002
Forms > GEM Issuers
26/04/2019 Publication of Guidance Letter on the presentation of the non-GAAP financial measures in a listing document and any relevant documents pursuant to the Exchange’s Listing Rules

GL103-19
Interpretation and Guidance > Guidance Letters > Guidance Letters for New Applicants

Interpretation and Guidance > Guidance Letters > Guidance Letters for Listed Issuers
26/04/2019 Publication of new and revised Guidance Letters as a result of Streamlining Guidance Materials Relating to Listing Matters:

• GL32-12/ GL35-12/ GL37-12/ GL45-12/ GL102-19
Interpretation and Guidance
22/03/2019

Publication of new and revised FAQ Series and Guidance Letters as a result of Streamlining Guidance Materials Relating to Listing Matters

FAQ Series 24
GL57-13/ GL63-13/ GL68-13/ GL71-14/ GL96-18/ GL97-18/ GL100-19

Interpretation and Guidance
22/03/2019  To provide guidance on why the Exchange rejected certain listing applications (LD121-2019) Interpretation and Guidance > Listing Decisions
22/03/2019 Guidance on Sanctions Risks (GL101-19) Interpretation and Guidance > Guidance Letters > Guidance Letters for New Applicants
28/02/2019 Questions on audit terminology used in the Rules with reference to the HKICPA’s revised Auditor Reporting Standards effective on 15 December 2016 – Added FAQ No.053-2019, withdrawn No.001-2017 and updated No.002-2017 to 004-2017 Interpretation and Guidance > Frequently Asked Questions
28/02/2019  Questions on the submission of contact information of directors/supervisors and the disclosure of their former names and aliases Interpretation and Guidance > Frequently Asked Questions
28/02/2019 Updates and withdrawals of FAQs, Guidance Letters, and Listing Decisions as a result of the Rule changes on Proposed Changes to Documentary Requirements relating to Listed Issuers and Other Minor Rule Amendments

•   FAQ Series 8
•   GL58-13/ GL66-13/ GL95-18
•   LD74-1/ LD112-1/ LD6-2011/ LD114-2017
Interpretation and Guidance
28/02/2019 Revised Checklists and Forms as a result of the Rule changes on Proposed Changes to Documentary Requirements relating to Listed Issuers and Other Minor Rule Amendments Forms > New Applicants
28/02/2019 Revised Checklists and Forms as a result of the Rule changes on Proposed Changes to Documentary Requirements relating to Listed Issuers and Other Minor Rule Amendments Forms > Main Board Issuers
28/02/2019 Revised Checklists and Forms as a result of the Rule changes on Proposed Changes to Documentary Requirements relating to Listed Issuers and Other Minor Rule Amendments Forms > GEM Issuers
01/02/2019 Publication of Consultation Conclusions on Proposed Changes to Documentary Requirements relating to Listed Issuers and Other Minor Rule Amendments Other Resources > Letters to Issuers


Updated 06 Sep 2019

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