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ARTICLE · 01 NOVEMBER 2017

IPO Applications

A&O Shearman
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Under the Proposals, the Listing Regulatory Committee (with equal representation from the SFC and the Exchange) will be established to decide on initial listing applications that have suitability concerns...

United StatesFinance and Banking
A&O Shearman
A&O Shearman
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Under the Proposals, the Listing Regulatory Committee (with equal representation from the SFC and the Exchange) will be established to decide on initial listing applications that have suitability concerns or broader policy implications. The Listing Committee, which comprises representatives of investors, listed issuers and market practitioners, together with the Listing Department of the Stock Exchange, will continue to decide initial listing applications which do not involve suitability issues or give rise to broader policy implications. After considering market feedback, the SFC and the Stock Exchange have decided not to pursue such proposal. The Stock Exchange will continue to make decisions under its Listing Rules (including decisions on suitability for listing), and the role of the Listing Committee as the decision-maker for IPO applications will remain unchanged.

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