Administrative Measures for the Supervision of Auctions (Revised in 2020)
Administrative Measures for the Supervision of Auctions (Revised in 2020)
Administrative Measures for the Supervision of Auctions (Revised in 2020)
Order of the State Administration for Market Regulation No.31
October 23, 2020
(Promulgated by the Order of the State Administration for Industry and Commerce No. 101 on January 15, 2001; revised for the first time pursuant to the Order of the State Administration for Industry and Commerce No. 59 released on January 5, 2013; revised for the second time pursuant to the Order of the State Administration for Industry and Commerce No. 91 on September 30, 2017; and revised for the third time pursuant to the Order of the State Administration for Market Regulation No.31 on October 23, 2020 )
Article 1 The Measures have been formulated in accordance with the Auction Law of the People's Republic of China and other laws and regulations for the purpose of regulating auction behavior, maintaining auction order and protecting the lawful rights and interests of various parties engaging in auction activities.
Article 2 Auctioneers, clients, bidders and other parties participating in auction activities shall comply with the relevant laws, regulations, the Measures and the principles of openness, fairness, impartiality and good faith in auction activities.
Article 3 The market regulatory departments shall supervise and manage the auction activities according to the Auction Law of the People's Republic of China, other laws and regulations as well as the Measures and the responsibilities mainly include:
1.
......
Order of the State Administration for Market Regulation No.31
October 23, 2020
(Promulgated by the Order of the State Administration for Industry and Commerce No. 101 on January 15, 2001; revised for the first time pursuant to the Order of the State Administration for Industry and Commerce No. 59 released on January 5, 2013; revised for the second time pursuant to the Order of the State Administration for Industry and Commerce No. 91 on September 30, 2017; and revised for the third time pursuant to the Order of the State Administration for Market Regulation No.31 on October 23, 2020 )
Article 1 The Measures have been formulated in accordance with the Auction Law of the People's Republic of China and other laws and regulations for the purpose of regulating auction behavior, maintaining auction order and protecting the lawful rights and interests of various parties engaging in auction activities.
Article 2 Auctioneers, clients, bidders and other parties participating in auction activities shall comply with the relevant laws, regulations, the Measures and the principles of openness, fairness, impartiality and good faith in auction activities.
Article 3 The market regulatory departments shall supervise and manage the auction activities according to the Auction Law of the People's Republic of China, other laws and regulations as well as the Measures and the responsibilities mainly include:
1.
......