Monday March 27 2017

News Source: Global Exchanges

Focus: Takeover and Acquisition

Type: General




Honk Kong Securities Clearing Company has requested that CCASS Participants note that the Securities and Futures Commission has approved amendments to the Rules and Procedures of CCASS.

The amendments to the Rules and Procedures are for the purpose of implementing further enhancements to the CCASS services, which include:

  • extending the ATI/STI upload function time and introducing new STI/ATI validation runs,
  • allowing stocks to be transferred out of Special Segregated Accounts in the morning before the pre-trade stock balance snapshot is taken under Stock Connect, and
  • introducing a new STI Batch-run. Certain house-keeping changes have also been made to the Rules and Procedures to clarify HKSCC’s discretionary power to effect a buy-in for CCASS Participants.

The amendments will enter into effect on Monday, 10 April 2017.

Click on the link above for further details.