SECURITIES (STOCK EXCHANGE LISTING) (APPROVED SHARE REGISTRAR) RULES

SECURITIES (STOCK EXCHANGE LISTING) (APPROVED SHARE REGISTRAR) RULES

SECURITIES (STOCK EXCHANGE LISTING) (APPROVED
SITARE REGISTRAR) RULES

(Cap. 333, section 14)

[27 August
1976.]

1. These rules may be cited as the Securities (Stock Exchange Listing)
(Approved Share Registrar) Rules.

2. In these rules, unless the context otherwise requires

'approved share registrar' means a share registrar who is a member of an
association of persons approved, for the purposes of these rules, by the
Commissioner under rule 3;

11 company' means a company limited by shares whether incorporated in Hong
Kong or elsewhere;

',share registrar' means any person who maintains in Hong Kong the register of
members of a company the securities of which are listed on a stock
exchange.

3. (1) The Commissioner may approve an association of persons as an
association each of whose members shall be an approved share registrar for the
purposes of these rules.

.(2) The Commissioner may cancel the approval of any association of
persons approved under paragraph (1).

(3) The Commissioner shall maintain a list of associations of persons
approved under paragraph (1).

4. No application by a company (whenever made) for the listing of its
securities on a stock exchange shall, on or after the 1st September 1976, be
approved by the stock exchange to which


the application was made unless the company is an approved share registrar or
employs an approved share registrar as its share registrar.

5. (1) Where before the 1st September 1976 the securities of a company
are listed on a stock exchange and the company on such date is not an approved
share registrar or does not employ an approved share registrar, the stock
exchange concerned shall suspend dealings in those securities on the 1st
December 1976 or on the expiry of the 21 days' notice given under
paragraph (2), whichever is the later, unless before then the company
becomes an approved share registrar or employs an approved share registrar as
its share registrar.

(2) Before suspending dealings in the securities of a company under
paragraph (1) the stock exchange shall give notice in writing to the company
warning the company of its intention to suspend dealings in the securities of
the company unless, before the 1st







December 1976 or before the expiry of a period of 21 days from the
date of the notice, whichever is the later, the company becomes an
approved share registrar or employs an approved share registrar as
its share registrar.

(3) If a stock exchange fails or neglects to give notice to a
company under paragraph (2) before the 1st December 1976, the
Commissioner may require the stock exchange to give such notice
and the stock exchange shall forthwith comply with such require-
ment, or the Commissioner may himself give 21 days' notice in
writing to the company containing a warning similar to that required
under paragraph (2) and such notice shall, for the purposes of
paragraph (1), be deemed to be a notice under paragraph (2).

6. (1) Where the securities of a company are listed on a stock
exchange on or after the 1st September 1976, and thereafter the
company ceases either to be an approved share registrar or to
employ an approved share registrar, the stock exchange concerned
shall suspend dealings in those securities unless within 3 months
after the date on which the stock exchange first learned of such
cessation or before the expiry of the 21 days' notice given under
paragraph (2), whichever is the later, the company becomes an
approved share registrar or employs an approved share registrar as
its share registrar.

(2) Before suspending dealings in the securities of a company
under paragraph (I) the stock exchange shall give notice in writing
to the company warning the company of its intention to suspend
dealings in the securities of the company unless, before the date
specified in the notice, being the date on which the period of 3
months specified in paragraph (1) expires, or within 21 days from the
date of the notice, whichever is the later, the company becomes an
approved share registrar or employs an approved share registrar as
its share registrar.

(3) The Commissioner may require a stock exchange to give
notice under paragraph (2) to a company specified in paragraph (1)
which has ceased either to be an approved share registrar or to
employ an approved share registrar if, in the opinion of the
Commissioner, the stock exchange has failed or neglected to do so
within a reasonable time, and the stock exchange shall forthwith
comply with such requirement.

6A. (1) The Commission may exempt all or any particular
class of securities issued by a specified company from all or any of
the provisions of these rules.

(2) An exemption made under paragraph (1) shall be notified
in writing by the Commission to the specified company and to the
stock exchange on which the exempted class of securities are, or are
intended to be, listed.





(3) The Commission may withdraw any exemption made under paragraph
(1), and such withdrawal shall be notified in the same manner as an exemption
is required to be notified under paragraph (2).

(4) Where any securities of a company are listed on a stock exchange and
have been exempted under paragraph (1), in the event of a withdrawal under
paragraph (3) of the exemption the stock exchange concerned shall suspend
dealings in those securities unless at the date of the notification of the
withdrawal the company is, or within 3 months after that date the company
becomes, an approved share registrar or employs an approved share registrar as
its share registrar.

7. A stock exchange which has suspended dealings in the securities of any
company under rule 5, 6 or 6A shall re-commence dealings in those securities
when it is satisfied that the company has become an approved share registrar or
has employed an approved share registrar as its share registrar.

8. (1) Where a stock exchange suspends dealings in the securities of a
company under rule 5, 6 or 6A the company may within 21 days of the
suspension appeal in writing to the Commission against the suspension.

may-

(2) An appeal under paragraph (1) shall be accompanied by such
submissions in writing as the company wishes to make.

(3) On any appeal under paragraph (1), the Commission

(a) dismiss the appeal;

(b)direct the stock exchange to re-commence dealings in the securities;
or

(e)direct the stock exchange to re-commence dealings in the securities
subject to such conditions as the Commission thinks fit.
L.N. 227/76. L.N. 307/76. L.N. 9/86. Citation. L.N. 9/86. Interpretation. L.N. 9/86. Approved share registrars. Securities not to be listed where approved share registrar not employed. Suspension of dealings in securities listed before 1st September 1976. Suspension of dealing of securities in certain circumstances. Power to exempt. L.N. 307/76. Re-commencement of dealing in securities. L.N. 307/76. Appeal against suspension. L.N. 307/76.

L.N. 227/76. L.N. 307/76. L.N. 9/86. Citation. L.N. 9/86. Interpretation. L.N. 9/86. Approved share registrars. Securities not to be listed where approved share registrar not employed. Suspension of dealings in securities listed before 1st September 1976. Suspension of dealing of securities in certain circumstances. Power to exempt. L.N. 307/76. Re-commencement of dealing in securities. L.N. 307/76. Appeal against suspension. L.N. 307/76.

https://oelawhk.lib.hku.hk/items/show/3260

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