Monday January 27 2025
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Hong Kong
On 24th January 2025, the Stock Exchange of Hong Kong Limited (SEHK) published conclusions to its consultation on Proposals to Further Expand the Paperless Listing Regime and other Rule Amendments.
The proposals adopted and the implementation timeline are as follows:
| Proposals Adopted | Implementation Date | Transitional Period |
| Issuers to provide securities holders with an option to send instructions to issuers electronically | On the date when Securities and Futures (Uncertificated Securities Market) Rules come into effect (USM Effective Date) | Standardised Requested Communications: Ending one year after the USM Effective Date
Non-standardised Requested Communications: Ending five years after the USM Effective Date |
| Issuers to provide securities holders with an option to receive corporate action proceeds (e.g. dividends) electronically | ||
| Issuers to provide securities holders with an option to pay subscription monies for offers to existing securities holders electronically | Ending one year after the USM Effective Date | |
| To remove the availability of Mixed Media Offers to issuers | On the date when the Companies (Exemption of Companies and Prospectuses from Compliance with Provisions) Notice (Cap. 32L) permitting Mixed Media Offers is repealed | N/A |
| Issuers to ensure their constitutional documents enable them to hold hybrid general meetings and provide electronic voting | 10th February 2025 | Issuers will have until their next annual general meeting held after 1st July 2025 to implement the proposal |
| Minor and housekeeping Rule amendments | N/A |
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