Hong Kong Exchanges and Clearing Limited (HKEx) welcomes today’s (Monday’s) publication of the Government’s Consultation Paper on the Proposed Statutory Codification of Certain Requirements to Disclose Price Sensitive Information by Listed Corporation (the Consultation Paper).

“The Listing Committee strongly supports the early implementation of a statutory obligation to disclose price sensitive information supported by a proportionate range of sanctions which would act as a serious deterrent to non-compliance.  Such requirements are central to a properly functioning disclosure regime,” said Mark Dickens, HKEx’s Head of Listing.

“Following the adoption of a statutory regime for the continuous disclosure obligations of listed issuers, we will continue to administer relevant disclosure requirements under the Listing Rules,” Mr Dickens added.

The Consultation Paper is available at the Financial Services and the Treasury Bureau website.