Listing of transferee holding company on stock exchange
13.—(1) The securities of the transferee holding company may be listed or quoted on a stock exchange as defined in the Securities Industry Act (Cap. 289) if the transferee holding company has entered into such arrangements as the Authority may require —
(a)
for dealing with possible conflicts of interest that may arise from the listing or quotation of securities of the transferee holding company on a stock exchange; and
(b)
for the purpose of ensuring the integrity of trading of the securities of the transferee holding company,
and the transferee holding company shall comply with such arrangements.
(2) The rules of the stock exchange shall be deemed to provide for the Authority, instead of the stock exchange, to make decisions and to take action (or require the stock exchange to take action on the Authority’s behalf) on the following matters:
(a)
the admission to or removal from the stock exchange’s official list of the transferee holding company; and
(b)
granting, stopping or suspending the quotation of securities of the transferee holding company on the stock exchange.
(3) The Authority may, by notice in writing —
(a)
modify the rules of the stock exchange for the purpose of applying to the listing, quotation or trading of the securities of the transferee holding company; and
(b)
exempt the transferee holding company from any rule of the stock exchange.