14 September 2012
As explained in our two previous Legal Updates, "New Statutory Price Sensitive Information Disclosure Regime to Take Effect on 1 January 2013
" and "A Quick Look at the New SFC Guidelines on Disclosure of Inside Information
", the new statutory price sensitive/inside information disclosure regime (New Disclosure Regime) will become effective on 1 January 2013.
In line with the New Disclosure Regime, The Stock Exchange of Hong Kong Limited (SEHK) published its "Consultation Paper on Rule Changes Consequential on the Enactment of the Securities and Futures (Amendment) Ordinance 2012 to provide Statutory Backing to Listed Corporations' Continuing Obligation to Disclose Inside Information" (Consultation Paper) on 3 August 2012 to propose amendments to the Rules Governing the Listing of Securities on SEHK (Listing Rules). Corresponding amendments are also proposed to the Rules Governing the Listing of Securities on the Growth Enterprise Market of SEHK.
Comments in response to the Consultation Paper should be submitted by 3 October 2012.