(for existing information vendors that have delayed datafeeds and/or Issuer Information Feed Servcie (IIS) only and wish to apply real-time datafeeds under the Market Data Vendor Licence Agreement)
Notes:
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An application is deemed to have been formally lodged with HKEX-IS (China) when the information vendor (IV) formally submitted Form A2m, Form A3m and financial information (including latest audited financials statement/annual report and official/certified documents on latest shareholders’ equities and paid-up capital etc). A letter of acknowledgement (“Letter A2m”) will be issued.
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After the Form A2m and Form A3m are considered duly completed and at the preliminary assessment by HKEX-IS (China) that the applicant is fit for the subscription of real-time Datafeeds, HKEX-IS (China) will issue a confirmation letter (“Letter B2m”) to the IV. Upon receipt of Letter B2m, the IV is required to:
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Pay the One-off Connection Fee (applicable to IV that requires direct connection) for the real-time Datafeed(s) and send us the remittance notification; and
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Arrange with network carrier or hosting team for line installation respectively (applicable to IV that requires direct connection). Please refer to On-boarding procedure and Checklist for details.
The IV has to provide all information required under Form A2m and Form A3m within a period of 4 months from the date of Letter A2m.
HKEX-IS (China) may grant an extension of no longer than 2 months on the merit of individual cases at the request of the IV. Otherwise, the application will lapse. Same Datafeed application from such IV will not be considered within 6 months after from the lapse date.
The application will be presented to the senior management for approval upon receipt of the information required under Letter B2m; result of the application will normally be available in two weeks.
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The One-off Connection Fee is not refundable.
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For IV that chooses to receive the data indirectly, Schedule 3 and Schedule 4 Memorandum of Permitted Purpose (MOPP) of the Market Data Vendor Licence Agreement will be issued to the IV once its application is approved.
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For IV that chooses to receive the data directly from HKEX market data systems, a Provisional Approval Letter will be issued and the approval will be conditional upon the IV’s successful completion of the systems’ Readiness/Certification Test for the Datafeed. The Readiness/Certification Test must be completed normally within 4 months from the issuance of the Provisional Approval Letter. Extension of the Readiness/Certification period may be considered and granted by HKEX-IS (China) on a case by case basis. Schedule 3 and Schedule 4 MOPP of the Market Data Vendor Licence Agreement will be issued to the IV upon the completion of its Readiness/Certification Test.
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Upon receipt of the updated Schedule 3 and MOPP, the IV is required to pay deposit. If the IV decided to withdraw its datafeed application after the deposit payment, an application processing fee of $50,000 per Datafeed will be deducted from its deposit payment and the balance will be refunded to the applicant.
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Datafeed Commencement Date: For IV applying for indirect connection, the datafeed commencement date must be within 6 months from the date of Letter A2m. For IV applying for direct connection, the datafeed commencement date must be within 10 months from the date of Letter A2m.