Hong Kong Exchanges and Clearing Limited (HKEX) has announced the upcoming market rehearsals of FINI, which is a new platform for T+2 IPO settlement process in Hong Kong. The rehearsals will be conducted in two parts: the Market Practice Session (MPS) and the Market Rehearsal Session (MRS). It is highly encouraged for all IPO market participants to participate in both sessions to ensure that their internal staff and systems are well-prepared for the live operations of FINI. The exact date of FINI’s first day of operations will be announced three weeks in advance and is expected to be in October 2023. HKSCC will update its IPO-related fee structure for issuers, implementing a more balanced charging model in conjunction with the launch of FINI. The relevant rules amendments have been approved by the SFC and will take effect on FINI’s first day of operations. HKEX expresses its gratitude to all FINI Users for their support and looks forward to their participation in the upcoming market rehearsals and webinar briefings.
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