A report into last month's wild trading in penny stocks is unlikely to blame key participants in the saga and will offer only suggestions on how the proposal to de-list stocks can be handled.
The results of the two-man investigation will be submitted to the financial secretary tomorrow and it is understood its findings will not allocate blame or recommend resignations.
Brokers believe the panel will suggest the exchange backs off its proposal to base delisting on share prices and may recommend an over-the-counter market to trade the delisted companies' shares.
A spokesman for the financial secretary said: 'It is not expected the panel report will focus on chasing who should take the responsibility for the incident.'
He said the two-member panel would focus on finding out what went wrong in the delisting consultation process that led to the penny stock fiasco on July 26.
It will also focus on improving consultation to help re-write the exchange's consultation paper to be released next month.
