Decision on Revising Seven Rules Including the Administrative Measures on the Registration and Settlement of Securities
Decision on Revising Seven Rules Including the Administrative Measures on the Registration and Settlement of Securities
Decision on Revising Seven Rules Including the Administrative Measures on the Registration and Settlement of Securities
Order of the China Securities Regulatory Commission No.137
December 7, 2017
The Decision on Revising Seven Rules Including the Administrative Measures on the Registration and Settlement of Securities, adopted at the 8th chairman's executive meeting of the China Securities Regulatory Commission in November 21, 2017, is hereby promulgated and shall come into effect as of the date of promulgation.
President of the China Securities Regulatory Commission: Liu Shiyu
Decision on Revising Seven Rules Including the Administrative Measures on the Registration and Settlement of Securities
According to the requirements of the Circular of the General Office of the State Council on Further Effectively Implementing the Sorting of Rules or Normative Documents Involved in the Reform of "Streamlining Administration, Delegating Powers and Improving Administration and Services" (Guo Ban Fa [2017] No.40), the China Securities Regulatory Commission (the "CSRC") has sorted out the department rules involved in the reform of "streamlining administration, delegating powers and improving administration and services", and has decided to revise certain clauses of seven rules after sorting.
I. Items 2 and 3 of Article 10 of the Administrative Measures on the Registration and Settlement of Securities shall be deleted.
Two items shall be added as Items 10 and 11 of Article 11, reading as follows:
"10. the important international cooperation and communication activities or the important affairs related to Hong Kong, Macao or Taiwan; and
11. the formulation or adjustment of main chargeable items or rates related to securities registration and settlement".
II. Article 10 of the Interim Measures for Administration of National SME Share Transfer System Co., Ltd. shall be revised to read: "The quoting of new types of securities by the NSSTS Company shall be reported to the CSRC, and the adoption of a new transfer method shall be reported to the CSRC for approval."
The phrase "shall be reported to the CSRC for approval" in Article 16 shall be revised as "shall be reported to the CSRC".
III. The phrase "shall be subject to the approval of the CSRC" in Article 11 of the Tentative Measures for the Supervision and Administration of Refinancing Business shall be revised as "shall be reported to the CSRC for record filing".
The phrase "be carried out upon the approval of the CSRC" in Articles 23, 37 and 48 shall be revised as "be carried out after reported to the CSRC for record filing".
IV. Item 9 of Article 10 of the Administrative Measures for the Sponsorship Service for Securities Offering and Listing shall be revised to read: "9. Compliance with the prescribed net capital calculation table, the risk capital provision calculation table and the risk control indicator supervision statement for the most recent year".
Item 6 of Article 11 shall be revised to read: "6. Any other requirements specified by the Securities Association of China".
Article 12 shall be deleted.
The phrase "for an application for the qualification for a sponsor representative, it shall make a written decision of approval or disapproval within 20 working days of the date of acceptance" in Article 14 shall be deleted.
Article 16 shall be deleted.
The phrase "and sponsor representatives" in Article 17 shall be deleted.
Article 19 shall be deleted.
The phrase "a sponsor representative" in Article 20 shall be deleted.
Article 21 shall be deleted.
Article 63 shall be revised to read: "The CSRC shall conduct continuous and dynamic tracking and administration of the sponsor and relevant staff, and record their business qualification, their practice, their acts which violate laws or regulations, their other bad acts, supervisory measures taken against them and other information. The record of sponsors' credit shall be made public."
Paragraph 2 of Article 65 shall be deleted.
Article 81 shall be deleted.
V.
......
Order of the China Securities Regulatory Commission No.137
December 7, 2017
The Decision on Revising Seven Rules Including the Administrative Measures on the Registration and Settlement of Securities, adopted at the 8th chairman's executive meeting of the China Securities Regulatory Commission in November 21, 2017, is hereby promulgated and shall come into effect as of the date of promulgation.
President of the China Securities Regulatory Commission: Liu Shiyu
Decision on Revising Seven Rules Including the Administrative Measures on the Registration and Settlement of Securities
According to the requirements of the Circular of the General Office of the State Council on Further Effectively Implementing the Sorting of Rules or Normative Documents Involved in the Reform of "Streamlining Administration, Delegating Powers and Improving Administration and Services" (Guo Ban Fa [2017] No.40), the China Securities Regulatory Commission (the "CSRC") has sorted out the department rules involved in the reform of "streamlining administration, delegating powers and improving administration and services", and has decided to revise certain clauses of seven rules after sorting.
I. Items 2 and 3 of Article 10 of the Administrative Measures on the Registration and Settlement of Securities shall be deleted.
Two items shall be added as Items 10 and 11 of Article 11, reading as follows:
"10. the important international cooperation and communication activities or the important affairs related to Hong Kong, Macao or Taiwan; and
11. the formulation or adjustment of main chargeable items or rates related to securities registration and settlement".
II. Article 10 of the Interim Measures for Administration of National SME Share Transfer System Co., Ltd. shall be revised to read: "The quoting of new types of securities by the NSSTS Company shall be reported to the CSRC, and the adoption of a new transfer method shall be reported to the CSRC for approval."
The phrase "shall be reported to the CSRC for approval" in Article 16 shall be revised as "shall be reported to the CSRC".
III. The phrase "shall be subject to the approval of the CSRC" in Article 11 of the Tentative Measures for the Supervision and Administration of Refinancing Business shall be revised as "shall be reported to the CSRC for record filing".
The phrase "be carried out upon the approval of the CSRC" in Articles 23, 37 and 48 shall be revised as "be carried out after reported to the CSRC for record filing".
IV. Item 9 of Article 10 of the Administrative Measures for the Sponsorship Service for Securities Offering and Listing shall be revised to read: "9. Compliance with the prescribed net capital calculation table, the risk capital provision calculation table and the risk control indicator supervision statement for the most recent year".
Item 6 of Article 11 shall be revised to read: "6. Any other requirements specified by the Securities Association of China".
Article 12 shall be deleted.
The phrase "for an application for the qualification for a sponsor representative, it shall make a written decision of approval or disapproval within 20 working days of the date of acceptance" in Article 14 shall be deleted.
Article 16 shall be deleted.
The phrase "and sponsor representatives" in Article 17 shall be deleted.
Article 19 shall be deleted.
The phrase "a sponsor representative" in Article 20 shall be deleted.
Article 21 shall be deleted.
Article 63 shall be revised to read: "The CSRC shall conduct continuous and dynamic tracking and administration of the sponsor and relevant staff, and record their business qualification, their practice, their acts which violate laws or regulations, their other bad acts, supervisory measures taken against them and other information. The record of sponsors' credit shall be made public."
Paragraph 2 of Article 65 shall be deleted.
Article 81 shall be deleted.
V.
......