| We enclose reprinted pages of the Listing Rules and filing instructions. The reprinted pages incorporate amendments to implement the proposals of the "Consultation Conclusions on Review Structure in relation to Listing Committee Decisions" published on 18 January 2019.
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We have amended the Listing Rules such that: |
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| 1. |
Decisions regarding (i) rejection of a new applicant’s listing application solely on the ground of unsuitability for listing; (ii) cancellation of listing; and (iii) imposition of certain disciplinary sanctions made by the Listing Committee are subject to only one level of review, and the Listing Appeals Committee is discontinued. |
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| 2. |
A new independent review committee (the Listing Review Committee) is established to replace the Listing (Review) Committee and the Listing (Disciplinary Review) Committee. |
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| 3. |
Decisions of the new Listing Review Committee for non-disciplinary matters are to be published. |
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| 4. |
The SFC may request a review of any matter, including a decision of the Listing Committee by the new Listing Review Committee. |
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| 5. |
Transitional arrangements are provided. All disciplinary review hearings for disciplinary proceedings commenced before the effective date of the amendments, and all non-disciplinary review hearings in respect of certain decisions will be conducted under the current Rules.
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| Coming into effect |
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| The amendments will come into effect on 6 July 2019. |
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Please click HERE to see the amendments to the Main Board Listing Rules. |