Administrative Measures for Representative Organizations Established in China by Overseas Securities and Futures Exchanges
Administrative Measures for Representative Organizations Established in China by Overseas Securities and Futures Exchanges
Administrative Measures for Representative Organizations Established in China by Overseas Securities and Futures Exchanges
Order of the China Securities Regulatory Commission No.157
July 25, 2019
The Administrative Measures for Representative Organizations Established in China by Overseas Securities and Futures Exchanges, which have been deliberated and adopted at the first executive meeting of the China Securities Regulatory Commission in 2019, are hereby issued for implementation as of the date of issuance.
Yi Huiman, Chairman of the China Securities Regulatory Commission
Administrative Measures for Representative Organizations Established in China by Overseas Securities and Futures Exchanges
Chapter I General Provisions
Article 1 The Measures are hereby formulated in accordance with the Securities Law of the People's Republic of China, the Administrative Regulations on Futures Trading, the Administrative Regulations on the Registration of Resident Representative Offices of Foreign Enterprises and other relevant laws and regulations, with a view to standardizing the establishment of representative organizations in China by overseas exchanges as well as their activities.
Article 2 For the purpose of the Measures, overseas exchanges include overseas securities exchanges, futures exchanges, securities and futures automated quotation or electronic trading systems or markets, and other overseas exchanges recognized by the China Securities Regulatory Commission ("CSRC").
For the purpose of the Measures, representative organizations established in China by overseas securities and futures exchanges (the "representative organizations") refer to permanent representative organizations established by overseas exchanges within the territory of China in accordance with the law to merely conduct non-profit activities, such as liaison services and surveys, and other representative organizations recognized by the CSRC.
Article 3 The CSRC will regulate the representative organizations according to the law under the principle of prudent regulation.
......
Order of the China Securities Regulatory Commission No.157
July 25, 2019
The Administrative Measures for Representative Organizations Established in China by Overseas Securities and Futures Exchanges, which have been deliberated and adopted at the first executive meeting of the China Securities Regulatory Commission in 2019, are hereby issued for implementation as of the date of issuance.
Yi Huiman, Chairman of the China Securities Regulatory Commission
Administrative Measures for Representative Organizations Established in China by Overseas Securities and Futures Exchanges
Chapter I General Provisions
Article 1 The Measures are hereby formulated in accordance with the Securities Law of the People's Republic of China, the Administrative Regulations on Futures Trading, the Administrative Regulations on the Registration of Resident Representative Offices of Foreign Enterprises and other relevant laws and regulations, with a view to standardizing the establishment of representative organizations in China by overseas exchanges as well as their activities.
Article 2 For the purpose of the Measures, overseas exchanges include overseas securities exchanges, futures exchanges, securities and futures automated quotation or electronic trading systems or markets, and other overseas exchanges recognized by the China Securities Regulatory Commission ("CSRC").
For the purpose of the Measures, representative organizations established in China by overseas securities and futures exchanges (the "representative organizations") refer to permanent representative organizations established by overseas exchanges within the territory of China in accordance with the law to merely conduct non-profit activities, such as liaison services and surveys, and other representative organizations recognized by the CSRC.
Article 3 The CSRC will regulate the representative organizations according to the law under the principle of prudent regulation.
......