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| We have amended the Main Board Listing Rules to implement the proposals set out in our “Consultation Conclusions on GEM Listing Reforms” published on 15 December 2023 (the “Amendments”). |
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Key changes to the Main Board Listing Rules (the “GEM Reform Rule Amendments”) set out in Part A of the Amendments include:
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introducing a streamlined transfer mechanism for eligible GEM issuers to transfer from GEM to the Main Board without the need to appoint a sponsor to carry out due diligence and produce a “prospectus-standard” listing document; and
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exempting GEM transfer applicants from paying the Main Board initial listing fee. |
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We have also made housekeeping amendments to the Main Board Listing Rules set out in Part B of the Amendments for the purpose of the forthcoming expanded paperless listing regime (the “Housekeeping Rule Amendments”).
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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 January 2024 – for the GEM Reform Rule Amendments; and
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31 December 2023 – for the Housekeeping Rule Amendments.
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Please click HERE to see the amendments to the Main Board Listing Rules.
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