Exchange Helps Market Prepare for New Sponsor Regulations Effective from 1 October

30 Sep 2013

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has held three seminars on its Listing Rules changes that will complement the Securities and Futures Commission’s (SFC) new regulations on sponsors that take effect on 1 October 2013.  All the rule changes also take effect on 1 October 2013, and the new requirements resulting from the rule changes will apply to listing applications submitted on or after that date.

As announced in the Exchange’s 23 July 2013 news release on the rule changes, there will be transitional arrangements to enable market practitioners to familiarise themselves with all related requirements and procedures before the publication regime is implemented (please refer to the Exchange’s announcement for more information on the transitional arrangements).  

The Rule Amendments (Main Board and GEM), Guidance Letters and FAQs on the streamlined vetting process and related interpretation are available on the HKEx website.

“Our seminars have assisted sponsor firms and other market practitioners in understanding our rule changes and streamlined regulatory commenting process”, said David Graham, HKEx’s Chief Regulatory Officer and Head of Listing. “Our expectation is that with the concerted efforts of the financial services industry, the SFC and the Exchange, we can work towards a more efficient listing process and thereby continue to attract quality companies to list on the Exchange.”


Updated 30 Sep 2013