Monday April 29 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Hong Kong
Link: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2013/130426news.htm
The Stock Exchange of Hong Kong Limited has published consultation papers to seek views on:
– Proposed changes to its Listing Rules (Rules) on connected transactions; and
– Proposed changes to align the definitions of connected person and associate in its Rules.
The Consultation Paper on Review of Connected Transaction Rules reviews the Exchange’s current model for regulating connected transactions conducted by Hong Kong listed issuers and the regulation of related party transactions in other jurisdictions. It seeks market views on a number of proposals to simplify the connected transaction Rules and address anomalies.
The Consultation Paper on Proposed Changes to Align the Definitions of Connected Person and Associate in the Listing Rules reviews the Listing Rules that use the general definitions of “connected person” and “associate” in Chapter 1 of the Rules. The paper highlights the differences of the Chapter 1 definitions and those used in Main Board Chapter 14A / GEM Chapter 20 for the purpose of the connected transaction requirements.
The deadline for replies to the Consultation Papers is 26 June 2013.
Click on the above link for more details.