China News Service, October 31. According to the website of the China Securities Regulatory Commission, in order to implement the new Securities Law and the State Council’s reform requirements for decentralization, regulation and service, and to improve the standardization of the capital market regulatory system, the China Securities Regulatory Commission issued the The Decision to Abolish Certain Securities and Futures Regulations, and the Decision on Amendment and Abolishment of Certain Securities and Futures Institutional Documents, collectively "packaged" amendments and abolitions of 5 regulations, 27 regulatory documents, and 38 other institutional documents.
Data map: China Securities Regulatory Commission.
Photo by China News Agency reporter Zhang Hao
The main contents of this centralized revision and abolition include: First, the revision of some clauses of 20 regulations and regulatory documents, mainly in accordance with the requirements of the new securities law, to adjust the content of relevant laws and regulations accordingly, in accordance with the "delegation of control and service" The reform requires the abolition of some filing matters and the requirements for submission of documents and materials; the second is the abolition of 50 system documents, mainly because the new securities law cancels related administrative licensing matters, does not comply with the changes in regulatory practices, and the regulated matters are no longer Exist or have been regulated by new rules, etc.
In the past year, the China Securities Regulatory Commission has continued to carry out a systematic clean-up of securities and futures rules and regulations, and has continuously promoted related work in depth.
The revision and abolishment of 70 securities and futures rules and regulations is a step-by-step cleanup and update of relevant rules and regulations after the centralized abolition of 18 normative documents, 13 regulations and 29 normative documents in the previous period, with a broader scope of cleanup. , Greater efforts to clean up, more files to clean up.
Among them, in addition to cleaning up regulations and normative documents, it also focused on cleaning up regulatory questions and answers, ministry letters, notifications, and regulatory trends. For example, 38 regulatory questions and answers were abolished this time, involving securities companies, fund management companies, Accounting firms, bond issuers, credit rating agencies and other regulatory fields.
The China Securities Regulatory Commission attaches great importance to the review of regulatory Q&A and other system documents. On the basis of scientific evaluation, in addition to centralized abolition, it also comprehensively uses various methods to integrate and clean up, and some upgrade relevant content to regulations or normative documents. In the form of "Guidelines for the Application of Regulatory Rules", for example, more than 40 supervisory questions and answers for listed companies were integrated into one guideline for the application of regulatory rules.
By comprehensively cleaning up regulatory questions and answers and other institutional documents, strengthen the system of rules, increase the transparency of rules, and build a more scientific and reasonable capital market regulatory system.
In the next step, the China Securities Regulatory Commission will continue to promote the systematic clean-up of securities and futures rules and regulations, and improve the basic capital market system based on the principles that should be repaired, should be abolished, and should be standardized and established. To ensure the deepening of reform and development of the capital market.