Decision on Revising the Administrative Measures for the Sponsorship Service for Securities Offering and Listing
Decision on Revising the Administrative Measures for the Sponsorship Service for Securities Offering and Listing
Decision on Revising the Administrative Measures for the Sponsorship Service for Securities Offering and Listing
Order of the China Securities Regulatory Commission [2009] No. 63
May 13, 2009
The Decision on Revising the Administrative Measures for the Sponsorship Service for Securities Offering and Listing, which has been adopted at the 254th chairman meeting of the China Securities Regulatory Commission on April 14, 2009, is hereby promulgated and shall come into effect on June 14, 2009.
Chairman of the China Securities Regulatory Commission Shang Fulin
Decision on Revising the Administrative Measures for the Sponsorship Service for Securities Offering and Listing
Article 1 Paragraph 1 of Article 36 shall be revised to be: "With regard to the initial public offering and listing of shares in main board, the period of continuous supervision and guidance shall be the rest of the year in which securities are listed and the following two full fiscal years; where a main board listed company issues new shares or convertible corporate bonds, the period of continuous supervision and guidance shall be the rest of the year in which securities are listed and the following one full financial year."
One paragraph shall be added to be Paragraph 2: "With regard to the initial public offering and listing of shares in Growth Enterprise Market, the period of continuous supervision and guidance shall be the rest of the year in which securities are listed and the following three full fiscal years; where a Growth Enterprise Market listed company issues new shares or convertible corporate securities, the period of continuous supervision and guidance shall be the rest of the year in which the securities are listed and the following two full fiscal years."
One paragraph shall be added to be Paragraph 3: "With regard to initial public offering and listing of shares in Growth Enterprise Market, the sponsor shall, during the period of continuous supervision and guidance, disclose the tracking report on the websites designated by the CSRC within 15 working days from the issuer discloses its annual report and mid-term report, and analyze the matters stipulated in Article 35 of these Measures and make independent comments thereon.
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