Notes:

1. An application is deemed to have been formally lodged with HKEX-IS (China) when the applicant formally submitted Form A1m, Form A2m and Form A3m.  A letter of acknowledgement (“Letter A1m”) of the submission of Form A1m, Form A2m and Form A3m will be issued. 

2. After the Form A1m, Form A2m and Form A3m are considered duly completed and at the preliminary assessment by HKEX-IS (China) that the applicant is fit for licence, HKEX-IS (China) will issue a confirmation letter (“Letter B1m”) to the applicant.  Upon receipt of Letter B1m, the applicant is required to provide the information required under the Market Data Vendor Licence Agreement (e.g. datafeed commencement date, service launch date etc.)

   The applicant has to provide all information required under Form A1m, Form A2m, Form A3m and Letter B1m normally within a period of 2 months from the date of Letter A1m.  HKEX-IS (China) may grant an extension of no longer than 1 month on the merit of individual cases at the request of the applicants.  Otherwise, the application will lapse.  No new application from such applicant will be considered within 6 months from the lapse date. 

   The application will be presented to the senior management for approval upon receipt of the information required under Letter B1m; result of the application will normally be available two weeks from the date of Letter B1m.

3. Datafeed Commencement Date: The datafeed commencement date must be within 4 months from the date of Letter A1m.