Composition
Consists of at least 5 members, including
- the Board Chairman (as the chairman of the Committee)
- the Chief Executive of HKEX
Major roles and functions
To receive updates and/or approve material operational matters of the Group, including but not limited to:
- Approve changes in trading and clearing rules/procedures, and suspension or termination of existing business lines
- Review updates on market receptions of new products, services and business lines, and any delisting, suspension or termination of trading/clearing products
- Receive updates on changes to the organisation structure of the Group
- Receive updates on Group’s expenditures under annual budget, and approve relevant changes in budgets, excess expenditures, and write-off/disposal of IT equipment within certain monetary limits
- Approve intercompany loans to non-wholly owned subsidiaries or new bank borrowings or facilities within certain monetary limits, and any early repayment or cancellation
- Oversee compliance with the Group’s Articles of Association
Operating mode
Meet if necessary once a month and no less than quarterly