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Paperless Listing - Exchanges publishes new Consultation Paper
On 16 August 2024, The Stock Exchange of Hong Kong Limited published a consultation paper titled "Proposals to Further Expand the Paperless Listing Regime and Other Rule Amendments" seeking public feedback on proposals to further expand its paperless listing regime and other rule amendments.
Key proposed amendments include:
- electronic securities holders’ instructions: to provide securities holders with the option to send Requested Communications to issuers electronically;
- real-time electronic payment of Corporate Action Proceeds: to provide securities holders with the option to receive Corporate Action Proceeds (including dividends) electronically via the Clearing House Automated Transfer System; and
electronic subscription monies: to provide existing securities holders with the option to pay subscription monies for offers electronically.
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