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ARTICLE · 18 DECEMBER 2012

Listing Rules Changes To Strengthen The False Market Avoidance Requirements

Mayer Brown
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Keeping an eye on market news and the potential leakage of inside information is essential for listed companies to comply with the new requirements.

Hong KongCorporate/Commercial Law
Jeckle Chiu
Jeckle Chiu
Juliana Lee
Juliana Lee
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Keywords: listing rules, false market avoidance, HKEx, new rule

Quick Read

Hong Kong Exchanges and Clearing Limited (HKEx) published its "Consultation Conclusions on Rule Changes Consequential on the Enactment of the Securities and Futures (Amendment) Ordinance 2012" (Consultation Conclusions) on 30 November 2012 in response to the consultation paper published on 3 August 2012.

Pursuant to the Consultation Conclusions, the corresponding amendments to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (Listing Rules), including the new Rule 13.09 together with the consequential amendments, take effect from 1 January 2013.

The new Rule 13.09 together with the consequential amendments are a result of the new statutory price sensitive/inside information disclosure regime (New Disclosure Regime) under the Securities and Futures Ordinance (SFO) which also takes effect on 1 January 2013.

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