What's New

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 They speak as of their dates of issue; some information may have been superseded.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

Rule Books

main board online rulebook	gem online rulebook
Main Board Listing Rules	GEM Listing Rules

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
18/12/2019	Publication of ESG Guide Consultation Conclusions and Review of Issuers’ ESG Practice Disclosure	Other Resources > Letters to Issuers
06/12/2019	Withdrawal of Listing Decision • LD67-2013	Interpretation and Guidance > Listing Decisions
06/12/2019	Publication of Consultation Paper on Review of Chapter 37 – Debt Issues to Professional Investors Only	Other Resources > Letters to Issuers
22/11/2019	Publication of the Exchange’s Listed Issuer Regulation Newsletter	Other Resources> Listed Issuers> Listed Issuer Regulation Newsletter
08/11/2019	Question on amendments to articles of association	Interpretation and Guidance > Frequently Asked Questions
29/10/2019	• Securities Admission into CCASS • Template for Acceptable Jurisdiction Application • Alternative Procedures for U.S. “Domestic Issuers” within the Meaning of the U.S. Securities Act with an Offering of a Security Subject to Regulation S (“Regulation S Securities”) • Explanation of Restrictions to Regulation S Securities of Companies Listed on the Exchange	Listing > Rules and Guidance > Other Resources >Listing of Overseas Companies
18/10/2019	Amendments to GEM Listing Rules relating to the unwinding of the delegated authority	Listing Rules > Amendments to GEM Listing Rules
30/09/2019	Publication of FAQs • Questions on the notifiable transaction requirements relating to securities transactions (057-2019) • Questions relating to H-share issuers whose domestic shares are quoted on the National Equities Exchange and Quotations (NEEQ) (068-2019 to 069-2019)	Interpretation and Guidance > Frequently Asked Questions
30/09/2019	Publication of Guidance Letters for Listed Issuers • Guidance on application of the reverse takeover Rules (GL104-19) • Guidance on Large Scale Issues of Securities (GL105-19) • Guidance on sufficiency of operations (GL106-19)	Interpretation and Guidance > Guidance Letters > Guidance Letters for Listed Issuers
30/09/2019	Updates and withdrawals of FAQs, Guidance Letters, and Listing Decisions as a result of the Rule changes on Backdoor Listing, Continuing Listing Criteria and Other Rule Amendments • FAQ Series 7/ Series 9 • GL66-13/ GL68-13A/ GL69-13/ GL78-14/ GL84-15/ GL92-18/ GL95-18/ GL96-18 • LD37-3/ LD47-5/ LD53-2/ LD62-1/ LD62-2/ LD62-3/ LD62-4/ LD75-1/ LD75-2/ LD75-4/ LD75-5/ LD76-1/ LD83-1/ LD85-1/ LD93-4/ LD95-1/ LD95-2/ LD95-3/ LD95-4/ LD95-5/ LD7-2011/ LD20-2011/ LD21-2011/ LD29-2012/ LD35-2012/ LD39-2013/ LD41-2013/ LD43-2013/ LD44-2013/ LD57-2013/ LD58-2013/ LD59-2013/ LD60-2013/ LD61-2013/ LD68-2013/ LD88-2015/ LD94-2016/ LD95-2016/ LD96-2016/ LD97-2016/ LD98-2016/ LD99-2016/ LD105-2017/ LD108-2017/ LD109-2017/ LD112-2017/ LD113-2017/ LD115-2017/ LD116-2017/ LD118-2018/ LD122-2019/ LD123-2019	Interpretation and Guidance
30/09/2019	Revised Checklists and Forms as a result of the Rule changes on Backdoor Listing, Continuing Listing Criteria and Other Rule Amendments	Forms > Main Board Issuers
30/09/2019	Revised Checklists and Forms as a result of the Rule changes on Backdoor Listing, Continuing Listing Criteria and Other Rule Amendments	Forms > GEM Issuers
30/09/2019	Updated Guide on Practices and Procedures for Post-vetting Announcements of Listed Issuers and Handling Matters involving Trading Arrangements prior to Publication of Announcements	Listing > Rules and Guidance > Other Resources > Listed Issuers > Guides on the Exchange's Practices and Procedures for Handling Listing-related Matters
30/09/2019	Updates and withdrawals of FAQs • FAQ Series 7/ Series 31	Interpretation and Guidance > Frequently Asked Questions
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

Updated 18 Dec 2019