China News Service, Beijing, July 24 (Reporter Chen Kangliang) The China Securities Regulatory Commission announced on the 24th that in order to implement the new securities law that came into effect on March 1, 2020 and continue to strengthen the supervision of information disclosure, the China Securities Regulatory Commission drafted the "Listing Company Information Disclosure Management Measures (Revised Draft)" (Draft for Soliciting Comments), now open to the public for comments.
It is reported that the "Administrative Measures for Information Disclosure of Listed Companies (Revised Draft)" (draft for comments) mainly amends the following contents: First, improve the principles of information disclosure. New requirements for concise, clear and easy-to-understand principles have been added to improve the principle of fair disclosure. At the same time, the relevant requirements of the principle of voluntary disclosure have been clarified to further encourage voluntary disclosure.
The second is to improve the temporary report items. According to the new securities law, the provisional report items have been improved. For example, the company’s actual controller and other enterprises under its control are engaged in the same or similar business as the company’s business. The company’s plan for dividends and capital increase Matters such as "important changes in the shareholding structure" are included in the interim report; for listed companies that issue corporate bonds at the same time, temporary bond disclosure items have been added to clarify the disclosure requirements.
The third is to further emphasize the responsibilities of relevant entities such as directors, supervisors, and higher levels. Strengthen the responsibility of the board of directors in the disclosure of periodic reports, and clearly require that the content of periodic reports should be reviewed and approved by the board of directors; if directors, supervisors, and senior management cannot guarantee the authenticity, accuracy, completeness or objections of the content of periodic reports, they should The listed company shall disclose the opinions expressed in the written confirmation opinions and state the reasons; at the same time, it shall further clarify the cooperation obligations of the controlling shareholder and the actual controller.
In addition, in accordance with the relevant provisions of the new Securities Law, the amendment has adjusted relevant provisions such as the disclosure requirements of designated media, relevant expressions of accounting firms, and legal responsibilities. At the same time, it has improved the disclosure requirements of issuance documents in cooperation with the registration system and used it for reference. The relevant regulations on non-trading information disclosure on the Sci-tech Innovation Board. (Finish)