Directors’ service contracts
Effective October 4, 2021, the Listing Rules will be amended to replace the requirement that issuers display the aforesaid documents for physical inspection, with the requirement for such documents to be published online – on both the HKEx’s website and the issuer’s website – for the same period of time as they are currently required to be available for physical inspection.
REDUCTION OF THE TYPES OF DOCUMENTS ON DISPLAY
Presently, the Listing Rules require issuers to obtain shareholders’ approval for certain notifiable transactions and connected transactions. The issuer must issue a circular for the transaction in question and make available certain documents for inspection.
HKEX: Exchange Publishes Conclusions On Paperless Listing & Subscription Regime, Online Display Of Documents And Reduction Of The Types Of Documents On Display Date
All IPOs must be paperless from 5 July 2021
Documents put on display to support listings and transactions, must be made available online from 4 October 2021
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Friday) published conclusions to its consultation on Paperless Listing & Subscription Regime, Online Display of Documents and Reduction of the Types of Documents on Display (Consultation Conclusions)1.
The Exchange received 146 non-duplicate responses2 from a broad range of respondents that were representative of all stakeholders in the Hong Kong market. Having carefully considered each respondent’s views and based on the reasons set out in the consultation paper and provided by respondents, the Exchange wil