Chinanews.com, September 11th. According to the website of the China Securities Regulatory Commission, the China Securities Regulatory Commission and the State Press and Publication Administration announced on the 11th the "Regulations on Media Conditions for Information Disclosure in the Securities Market" (hereinafter referred to as the "Regulations"), which will come into force on the day of publication .
The China Securities Regulatory Commission also announced the drafting instructions for the “Regulations on the Media Conditions for Information Disclosure in the Securities Market” (hereinafter referred to as the drafting instructions). The drafting instructions pointed out that Article 86 of the newly revised Securities Law stipulates that: The website of the securities trading venue and the media that meet the requirements of the securities regulatory authority of the State Council.
In order to implement this requirement and clarify the conditions for media that can engage in information disclosure business, it is necessary to formulate "Regulations."
In terms of drafting principles, it is proposed that one is to facilitate investors' access to information.
The second is to help reduce the cost of information disclosure.
The third is to help maintain a good information dissemination order.
The fourth is to help lay the foundation for centralized and unified electronic disclosure.
According to the above-mentioned principles, the "Regulations" consist of 6 articles, which stipulate media conditions and related matters:
The first is to stipulate that the media engaged in the securities market information disclosure business should be the daily newspapers and Internet sites established by law that are in charge of the central news unit and approved by the National Press and Publication Administration to engage in economic news coverage; or before the issuance of these regulations. Daily newspapers with experience in engaging in securities market information disclosure business in accordance with laws and regulations and their Internet sites established in accordance with the law.
The second is to stipulate that media engaged in the securities market information disclosure business should be verified and qualified by the State Press and Publication Administration, and have not received any administrative penalties from the China Securities Regulatory Commission or the State Press and Publication Administration for business activities in the past three years.
The third is to require the China Securities Regulatory Commission and the State Press and Publication Administration to jointly issue relevant regulations and simultaneously publish a list of media that meet the requirements for information disclosure in the securities market.
The media engaged in the securities market information disclosure business shall be subject to dynamic supervision. If the relevant media no longer meet the required conditions or violate laws and regulations, the China Securities Regulatory Commission and the State Press and Publication Administration will adjust and re-announce the list.
The fourth is to stipulate that media engaged in information disclosure business should abide by laws and regulations, abide by professional ethics, strengthen self-discipline management, try to reduce the cost of information disclosure obligors, and consciously assume social responsibilities.