Cap 571W s 8 Disclosure of stabilizing action (SECURITIES AND FUTURES (PRICE STABILIZING) RULES; SECURITIES AND FUTURES ORDINANCE)

Contents of Section

Chapter:	571W	Title:	SECURITIES AND FUTURES (PRICE STABILIZING) RULES	Gazette Number:	L.N. 218 of 2002; L.N. 12 of 2003
Section:	8	Heading:	Disclosure of stabilizing action	Version Date:	01/04/2003

(1) The stabilizing manager shall not take any stabilizing action in respect of any relevant securities unless-

(a) from the first public announcement date, adequate disclosure is made, in relevant communications issued by or on behalf of the offeror or the stabilizing manager, of the fact that stabilizing action may take place in relation to the offer;

(b) where the recognized exchange company operating the recognized stock market or the operator of the overseas stock market on which the relevant securities are or will be traded, or the person authorized to provide the relevant authorized automated trading services by means of which the relevant securities are or will be traded, requires to be informed of any stabilizing action that may take place in respect of the relevant securities during the stabilizing period, the requirement has been complied with; and

(2) For the purposes of subsection (1)(a), adequate disclosure is regarded as having been made in relevant communications issued by or on behalf of the offeror or the stabilizing manager if, in the relevant communications specified in Schedule 1, disclosure is made as prescribed in the Notes to that Schedule.
(3) The requirement to make adequate disclosure in subsection (1)(a) in relevant communications does not apply to any communication which is not specified in Schedule 1.