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Highlights:
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Exchange seeks market feedback on proposals to further advance its paperless initiatives
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Proposals aim to further simplify administrative procedures and reduce the use of paper
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Welcomes responses by 28 February 2023
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of HKEX, today published a consultation paper seeking public feedback on proposals to expand the paperless listing regime and make other rule amendments.
Bonnie Y Chan
Head of Listing, HKEX
The Exchange is always exploring ways to streamline its practices and operations.
Our proposed expansion of the paperless listing regime supports HKEX’s commitment to sustainability, further improving our operational efficiency whilst reducing our impact on the environment, all without compromising investor protection.
A summary of the key proposals in the Consultation Paper is set out below:
Streamlining the document submission process
Removing submission of documents that are unnecessary to the Exchange’s regulatory objectives
Codifying obligations as Listing Rules to replace standalone undertakings and confirmations
Removing unnecessary signature and certification requirements
Mandating electronic submission for a majority of submission documents
Electronic dissemination of corporate communications
Mandating that listed issuers electronically disseminate corporate communications to the extent permitted by the laws and regulations applicable to them
Simplification of Listing Rules appendices
Restructuring the appendices to the Listing Rules to simplify navigation and enhance the online experience for Listing Rules users
The Exchange invites market feedback on its proposals and the proposed Listing Rules that will give effect to the proposals.
The public comment period ends on 28 February 2023. The Exchange welcomes market participants to respond to the Consultation Paper by completing and submitting a questionnaire on the HKEX website.
Tap Read More for details.
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