Hong Kong Regulations

SECURITIES (STOCK EXCHANGE LISTING) (APPROVED SHARE REGISTRAR) RULES - RULE 6

Suspension of dealing in securities in certain circumstances

Caution: This is a past version. See the current version here.

(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
(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 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.