|
The Securities & Futures Commission says although the Stock Exchange's operational procedures and decision-making processes enable it to discharge its statutory obligations, it should prioritise its efforts to regulate price-sensitive information disclosure.
The commission today published its annual review of the exchange's performance in its regulation of listing matters. The report said the exchange should encourage listed companies to keep the market updated of price-sensitive information.
It also recommended the exchange improve the transparency of its listing decisions and disciplinary actions.
Welcoming the report, the Financial Services & the Treasury Bureau said the exchange is working with the commission to consult, as early as possible, on proposed amendments to improve the current formulation of price-sensitive information disclosure requirements in the listing rules.
The bureau said it looked forward to working closely with the two bodies to reach a consensus among market participants on the best way to codify the critical disclosure requirements in the statute to promote compliance with the obligation to disclose price-sensitive information.
Go To Top
|
