Tuesday, December 30, 2008

Consultation call over blackout rules


Consultation call over blackout rules
30-12-2008

The government has been urged to re-open consultation on new stock market rules that would extend the period in which company directors are barred from trading shares in their own firms. The call came from legislator Abraham Shek, days before the rules are scheduled to come into effect. The Hong Kong Exchanges and Clearing says it's aware of the views expressed recently. But it said it had consulted the market on the issue in January and the majority of the 105 respondents did not oppose or comment on the proposal.

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