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| We have amended the GEM Listing Rules to implement the proposals of the "Consultation Conclusions Paper on Paperless Listing & Subscription Regime, Online Display of Documents and Reduction of the Types of Documents on Display" published on 18 December 2020. |
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| The amendments to the GEM Listing Rules are to: |
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| 1. |
introduce new headline categories in relation to debt issuance programmes;
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| 2. |
introduce a paperless listing and subscription regime whereby (i) all listing documents in a New Listing1 will be published solely in an electronic format and (ii) New Listing subscriptions, where applicable, will be made through online electronic channels only (“Paperless Listing and Subscription Regime”); |
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replace the requirement for certain documents to be put on physical display with a requirement for those documents to be published online (“Online Display of Documents”); and |
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| 4. |
reduce the types of documents that it is mandatory for an issuer to put on display for notifiable transactions and connected transactions (“Reduction of Documents On Display”).
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Coming into effect
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The amended Rules will take effect from the following dates:
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1. Monday, 1 March 2021 - for the amended Rules relating to the new headline categories for debt issuance programmes;
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2. Monday, 5 July 2021 - for the amended Rules relating to the Paperless Listing and Subscription Regime; and
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| 3. Monday, 4 October 2021 - for the amended Rules relating to the Online Display of Documents and the Reduction of Documents on Display. |
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