Hong Kong Regulations

SECURITIES AND FUTURES (STOCK MARKET LISTING) RULES - SECT 14

Suspension of dealings on cessation of employment, etc. of approved share registrar

(1) Where-

   (a)  the securities of a corporation are listed on a recognized stock
        market; and

   (b)  the corporation ceases either to be an approved share registrar or to
        employ an approved share registrar as its share registrar, the
        recognized exchange company shall give the corporation a notice of its
        intention to suspend dealings in the securities of the corporation
        unless, before the date specified in the notice, being 3 months after
        the date on which the recognized exchange company first learned of
        such cessation or 21 days from the date of the notice, whichever is
        the later, the corporation becomes an approved share registrar or
        employs an approved  share registrar as its share registrar.

(2) Where the corporation fails to comply with the requirement stated in the
notice given under subsection (1), the recognized exchange company shall
suspend dealings in the securities of the corporation.

(3) The Commission may require a recognized exchange company to give notice
under subsection (1) to a corporation which has ceased either to be an
approved share registrar or to employ an approved share registrar as its
share registrar if, in the opinion of the Commission, the recognized exchange
company has failed or neglected to do so within a reasonable time, and the
recognized exchange company shall comply with the requirement without delay.

(4) A recognized exchange company which has suspended dealings in the
securities of any corporation under subsection (2) shall permit the
recommencement of dealings in those securities when it is satisfied that the
corporation has become an approved share registrar or has employed an
approved share registrar as its share registrar.