Circular of the China Banking Regulatory Commissionon Printing and Distributing the Interim Administrative Measures for Information Disclosure by Trust and Investment Corporations
Circular of the China Banking Regulatory Commissionon Printing and Distributing the Interim Administrative Measures for Information Disclosure by Trust and Investment Corporations
Circular of the China Banking Regulatory Commissionon Printing and Distributing the Interim Administrative Measures for Information Disclosure by Trust and Investment Corporations
Yin Jian Fa [2005] No.1
January 18, 2005
Omitted
Omitted
Article 1 Omitted
Article 2 Omitted
Article 3 Omitted
Article 4 Omitted
Annex:1. Content and format of an annual report (Only Title Translated)
2. Content and format of the abstract of an annual report (Only Title Translated)
3. List of first trust and investment corporations disclosing information (Only Title Translated)
Interim Administrative Measures for Information Disclosure by Trust and Investment Corporations
Chapter I General Provisions
Article 1 For the purpose of strengthening the market control over trust and investment corporations, regulating their activities of trust business and information disclosure, protecting the lawful rights and interests of clients and relevant parties and promoting sound development of trust industry, these Measures are enacted pursuant to the Banking Supervision Law of the People's Republic of China, the Trust Law of the People's Republic of China, the Regulations on Business Enterprise Financial Reporting and other laws and regulations.
Article 2 Trust and investment corporations legally established within the territory of the People's Republic of China shall be governed by these Measures. Activities of information disclosure by trust and investment corporations shall be regulated and supervised by the China Banking Regulatory Commission (CBRC) in accordance with laws, regulations and these Measures.
Article 3 Information disclosure as mentioned in these Measures refers to the process that a trust and investment corporation disclose the main information reflecting its business status, including the financial accounting reports, corporate governance, operational status, risk control, related-party transactions and other major items to the clients and relevant parties in a truthful, accurate, timely and complete manner according to law.
Article 4 The information disclosure by a trust and investment corporation shall comply with laws, regulations, the national accounting system uniformly prescribed and the relevant provisions of the CBRC.
Article 5 Trust and investment corporations shall disclose information in time abiding by the principles of truthfulness, accuracy, completeness and comparability.
Article 6 The provisions of these Measures are the minimum requirements of information disclosure by trust and investment corporations. Trust and investment corporations may decide to disclose more information provided that they abide by these Measures.
In addition to the provisions of these Measures, listed trust and investment corporations shall also abide by the provisions of the securities regulatory authorities.
Article 7 The annual financial accounting report disclosed by a trust and investment corporation shall be audited by an accounting firm. Whether the trust property is to be audited depends on the agreements in the trust documents.
Chapter II Content of Information disclosure
Article 8 The information disclosed by a trust and investment corporation in accordance with these Measures shall include:
1. Annual report. After a fiscal year has ended, the trust and investment corporation shall compile an annual report containing the overview of the corporation, corporate governance, business status, accounting statements, financial status, major events, etc.
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