China News Service, April 17, according to news from the website of the China Securities Regulatory Commission, the China Securities Regulatory Commission recently issued its 2020 legislative work plan, and made overall arrangements for the annual legislative work. In 2020, the CSRC plans to formulate and revise a total of 53 legislative legislative projects, including 42 "key projects that strive to be released within the year" and 11 "projects that need to be studied and selected at the right opportunity."

  The plan proposes to implement the requirements of the revised "Securities Law" and make good connections with legal provisions. Among them, the "key projects to strive to be introduced during the year" include: the formulation of the "Measures for the Administration of Securities Issuance and Registration of Listed Companies on the Science and Technology Board (Trial)", the "Measures for the Supervision and Management of Directors, Supervisors, Senior Managers and Practitioners of Securities Fund Management Institutions" "Administrative Measures for Internal Control of Operating Institutions", "Implementation Measures for Order Repurchase of Fraudulent Issuance of Listed Stocks (Trial)"; Amendments to "Administrative Measures for Securities Issuance and Underwriting", "Administrative Measures for Stock Exchanges", "Administrative Measures for Securities Registration and Settlement", and "Securities and Futures Institutions" "Management Measures for Private Equity Asset Management Business", "Management Measures for Securities Issuance and Listing Sponsorship", "Measures for Information Technology Management of Securities Fund Operating Institutions", "Measures for the Management of Risk Control Indexes of Securities Companies", "Measures for the Compliance Management of Securities Companies and Securities Investment Fund Management Companies" "Administrative Measures for Foreign-Invested Securities Companies", "Administrative Measures on Information Disclosure of Publicly Raised Securities Investment Funds", "Administrative Measures on the Equity Incentive Management of Listed Companies", "Administrative Measures on the Acquisition of Listed Companies", "Administrative Measures on Information Disclosure of Listed Companies", "Major Asset Restructuring of Listed Companies" "Administrative Measures" "Measures for the Integrity Supervision and Administration of the Securities and Futures Market" "Administrative Measures for Law Firms Engaging in Securities Legal Business" "Administrative Measures for Corporate Bond Issuance and Trading" "Interim Measures for the Administration of Credit Rating Business in the Securities Market", etc. "Projects that need to be researched and selected at the right opportunity" include: the formulation of "Procedures for the Management of Programmatic Transactions"; the revision of the "Provisions on the Prohibition of Securities Market", the "Administrative Measures for the Acquisition of Unlisted Public Companies", and the "Administrative Measures for Major Asset Restructuring of Unlisted Public Companies", etc. .

  The plan is clear, and the formulation of supporting rules for the pilot reform of the GEM registration system will be done well. Among them, there are 3 "key projects to be released during the year", including: the formulation of the "Continuous Regulations on the GEM Listed Companies"; the revision of the "Interim Measures for the Securities Issuance Management of GEM Listed Companies" and the "Administrative Measures for Initial Public Offering and Listing on the GEM" ".

  The plan pointed out that strengthening the construction of a government under the rule of law and promoting administration according to law. Among them, "Strive to strive for key projects introduced during the year", formulate the "Measures for the Implementation of Securities and Futures Market Supervision and Management Measures" and "Administrative Penalties for Securities and Futures Illegal Acts"; amend the "Provisions on the Implementation Procedures for Administrative Licensing of the China Securities Regulatory Commission". One of the "projects that need to be researched and opportunistically released" is to amend the "Implementation Measures for the China Securities Regulatory Commission to Freeze and Seal".

  The plan emphasizes that efforts will be made to promote the development of the capital market and regulate the behavior of market players. Among them, there are 13 "key projects that strive to be released during the year", including: the formulation of "Administrative Measures for Securities Fund Investment Consulting Business", "Administrative Measures for Securities Brokerage Business", "Measures for Counter Operations of Securities Companies (Trial)", and "Administrative Measures for Subsidiaries of Futures Companies" "Measures for the Supervision and Administration of the Custody Business of Private Equity Investment Funds"; "Administrative Measures for the Securities Settlement Risk Fund", "Administrative Measures for the Securities Investment Fund Management Companies", "Administrative Measures for the Securities Investment Fund Custody Business", "Administrative Measures for the Sales of Securities Investment Funds", and "Qualified Overseas" Institutional Investors and RMB Qualified Foreign Institutional Investors Domestic Securities and Futures Investment Management Measures, Futures Exchange Management Measures, Futures Company Directors, Supervisors, and Senior Management Personnel Qualification Management Measures, Interim Measures for the Supervision and Management of Private Equity Investment Funds. Six "projects that need to be researched and opportunistically issued", including: the formulation of "Administrative Measures for the Business License of Securities Companies", "Administrative Measures for Settlement of Bond Repurchase Transactions" and "Measures for the Supervision and Management of Private Equity Investment Fund Sales Business"; and amendments to the "Statistics on Securities and Futures Markets" Administrative Measures, "Implementation Measures for Anti-Money Laundering in the Securities and Futures Industry", "Interim Measures for the Office of the Securities Regulatory Commission of the China Securities Regulatory Commission."

  In addition to the above-mentioned regulatory items, the 2020 SFC will continue to cooperate with relevant departments of the National People's Congress in the formulation of the "Futures Law" and the revision of the "Criminal Law" and other legislative work; cooperate with the relevant departments of the State Council in the "Regulations on the Supervision and Administration of Securities Companies" and "Listed Companies" Regulations on Supervision and Administration, "Special Provisions of the State Council on Overseas Share Raising and Listing of Joint Stock Companies", "Provisional Regulations on the Management of Private Equity Investment Funds" and other administrative regulations; and cooperating with relevant judicial authorities to do relevant legislative interpretations in the securities and futures field .

  In conjunction with the amendments to the "Securities Law", the CSRC has issued a "Decision on Amending Some Securities and Futures Regulations", which has "packaged" amendments to 13 regulations including "Administrative Measures for Listed Companies' Acquisitions" and "Administrative Measures for Major Asset Restructuring of Listed Companies". In the next step, the CSRC will continue to sort out and perfect the existing rules, regulatory documents and other system rules and systems.