The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), today (Friday) published a consultation paper seeking the market’s view on proposed changes to the Listing Rules relating to the disclosure of financial information and consequential to the enactment of the New Companies Ordinance. The consultation paper also sets out proposed Rule amendments relating to minor policy issues and a number of housekeeping Rule amendments that involve no change in policy direction.
In summary, the key proposals set out in the consultation paper comprise:
| 1) |
Rule amendments relating to the disclosure of financial information
- Changes resulting from the new Companies Ordinance
- Streamlining of disclosure requirements that are already under Hong Kong Financial Reporting Standards
- Other Rule amendments to enhance the Exchange’s compliance and monitoring role relating to disclosure of financial information
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| 2) |
Rule amendments unrelated to the disclosure of financial information
- Changes relating to the new Companies Ordinance
- Minor Rule amendments
- Housekeeping amendments which involve no change in policy direction
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The consultation paper can be downloaded from the HKEx website. Interested parties are encouraged to respond to the consultation paper by completing and submitting the questionnaire. The deadline for comment in response to the consultation paper is 24 October 2014.
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