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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  They speak as of their dates of issue; some information may have been superseded.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

 12/10/2020 e-Learning on Notifiable Transaction Rules Other Resources > Listed Issuers > Connected and Notifiable Transactions
30/9/2020

Updates and withdrawals of Guidance Letters, FAQs and Listing Decisions as a result of the Rule changes on Codification of General Waivers and Principles Relating to IPOs and Listed Issuers and Minor Rule Amendments

• GL7-09/ GL10-09/ GL16-09/ GL31-12/ GL32-12/ GL56-13/ GL58-13/ GL60-13
• FAQ Series 1, No. 49/ Series 2, No. 3/ 069-2019
LD25-2012/ LD99-5/ LD83-1/ LD18-2011/ LD9-2011/ LD35-1/ LD47-2013/ LD81-2014/ LD15-3/ LD50-2/ LD94-1/ LD38-2012

Interpretation and Guidance
30/9/2020

Revised Checklists and Forms as a result of the Rule changes on Codification of General Waivers and Principles Relating to IPOs and Listed Issuers and Minor Rule Amendments

CF025G/ FF201G/ FF003G/ DU004G/ DU005G

Forms > GEM Issuers
04/09/2020 Publication of Listing Decisions

Whether Company X can seek a prior mandate from its shareholders on a one-off basis to issue new shares over a period of time under a share issuance proposal under GEM Rule 17.39 (LD128-2020)

Whether Company A's proposal to grant options to a discretionary trust under a share option scheme would meet the requirements under Chapter 17 of the Main Board Rules (LD129-2020)

Interpretation and Guidance > Listing Decisions
28/08/2020 Publication of Consultation Conclusions on Codification of General Waivers and Principles relating to IPOs and Listed Issuers and Minor Rule Amendments

Publication of new Guidance Letter on Experience and Qualification Requirements of a Company Secretary 
GL108-20
Other Resources – Letters to Issuers



Interpretation and Guidance > Guidance Letters
28/08/2020

Publication of revised Guidance Letter

• GL53-13

Interpretation and Guidance > Guidance Letters
21/08/2020 Publication on Consultation Conclusions on Review of Chapter 37 – Debt Issues to Professional Investors Only and Guidance on Disclosures in Listing Documents and Continuing Obligations under Chapter 37 – Debt Issues to Professional Investors Only Other Resources > Letters to Issuers
07/08/2020 Publication of Consultation Paper on Review of Listing Rules relating to Disciplinary Powers and Sanctions Other Resources > Letters to Issuers
24/07/2020 Publication of Consultation Paper on Proposals to Introduce a Paperless Listing & Subscription Regime, Online Display of Documents and Reduction of the Types of Documents on Display Other Resources > Letters to Issuers
24/07/2020

Publication of updated Guidance Letter on CG and ESG for IPO Applicants

•  GL86-16

Interpretation and Guidance > Guidance Letters
17/07/2020 e-Learning on Connected Transaction Rules Other Resources > Listed Issuers > Connected and Notifiable Transactions
06/07/2020 Publication of Listing Newsletter: Issue 1 Listing > How We Regulate > Listing Newsletters
26/06/2020

Publication of Disciplinary Procedures and Enforcement Guidance Materials

•  Disciplinary Procedures – Listing Committee (for disciplinary actions commenced on or after 26 June 2020)

•  Disciplinary Procedures – Listing Review Committee

•  Statement on Settlement of Disciplinary Matters involving Listing Rule Breaches

Disciplinary and Enforcement > Disciplinary Procedures & Enforcement Guidance Materials

24/06/2020

Publication of revised Guidance Letter

•  GL51-13

Interpretation and Guidance > Guidance Letters
08/06/2020 Publication of Application Form for Exemption for Directors or Executives of Hong Kong-listed Companies Included in Hang Seng Index, Hang Seng China Enterprises Index or Hang Seng Composite LargeCap, MidCap or SmallCap Index Other Resources > Listed Issuer
05/06/2020

Publication of Listing Decisions

•  To provide guidance on why the Exchange rejected certain listing applications (LD126-2020)

•  To provide guidance on why the Exchange returned certain listing applications (LD127-2020)

Interpretation and Guidance > Listing Decisions
29/05/2020 Regulatory Presentation : New Enhancements to the Biotech Chapter Other Resources > New Applicant
22/05/2020 Publication of Application Form for Exemption of Directors of Hong Kong-listed Companies or Listing Applicants on Duty Travel to Hong Kong under Compulsory Quarantine of Certain Persons Arriving at Hong Kong Regulation Other Resources > Listed Issuer
29/04/2020

Publication of Guidance Materials for Biotech Companies

GL107-20/ GL92-18/ GL86-16/ GL85-16

FAQ No. 030-2018 to 044-2018

Interpretation and Guidance
24/04/2020 Publication of the Exchange’s Listed Issuer Regulation Newsletter Other Resources > Listed Issuers > Listed Issuer Regulation Newsletter
17/04/2020

Publication of Listing Decisions

•  Whether the Remaining Group could meet the minimum market capitalisation requirement under Rule 8.09(2) (LD124-2020)

•  Whether the Remaining Group could meet the minimum market capitalisation requirement under Rule 8.09(2) (LD125-2020)

Interpretation and Guidance > Listing Decisions
17/04/2020

Publication of Frequently Asked Questions

•  FAQ No. 071-2020

Interpretation and Guidance > Frequently Asked Questions
17/04/2020

Update of Frequently Asked Questions

•  FAQ No. 045-2018 to 052-2018 (Added No. 045A-2018)

Interpretation and Guidance > Frequently Asked Questions
01/04/2020 Joint Statement in relation to General Meetings in light of the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation Other Resources > Listed Issuer


Updated 12 Oct 2020