Under Main Board Listing Rule 3A.19, a listed issuer must appoint a Compliance Adviser from the date of initial listing of its equity securities until it complies with rule 13.46 in respect of its financial results for the first full financial year commencing after its initial listing. A Compliance Adviser must be a corporation or authorised financial institution licensed or registered for Type 6 regulated activity and permitted to undertake work as a sponsor. Basis: Main Board Listing Rules 3A.01 and 3A.19.
The links above lead to official sources such as HKEX and the SFC. The explanation on this site summarises them and may differ from the official definition; the official documents prevail.
This page explains the HK IPO term "Compliance Advisor" and links to related terms. Definitions are compiled from HKEX Practice Note 18 and the Listing Rules, for understanding subscription rules only — not investment advice.
