Chinanews.com, May 28. According to the website of the China Securities Regulatory Commission, the China Securities Regulatory Commission has always attached great importance to the supervision of shareholders of companies to be listed on the stock market, constantly improving the shareholder supervision system and mechanism, and striving to prevent illegal and illegal “making wealth”.
In February of this year, the China Securities Regulatory Commission issued the "Guidelines for the Application of Regulatory Rules-Information Disclosure of Shareholders of Companies Applying for Initial Listings", which strengthened the regulatory constraints on surprise share purchases, abnormal share prices, transfer of benefits, and "shadow shareholders", and consolidated companies that intend to be listed. Information disclosure responsibility and intermediary agency verification responsibility to guide legal and compliant investment in companies that are to be listed.
During the implementation of the system, the China Securities Regulatory Commission insisted on keeping its blade inward, and simultaneously studied and formulated a package of institutional measures to prohibit improper shareholding by system resigners to fill in the shortcomings of the system.
While strengthening the supervision and management of anti-corruption and improving the independent review system, we have specially formulated and issued the "Guidelines for the Application of Regulatory Rules-Issuance No. 2" (hereinafter referred to as the "Guidelines") to clarify that the retired personnel of the Securities Regulatory Commission will participate in the public offering and listing or new The verification requirements of selected companies listed on the third board include targeted supervision of resigners who fall within the scope of the specification, compacting the verification responsibilities of intermediary agencies, and maintaining the "three public" order of the market.
The "Guidelines" mainly include the following:
The first is to clarify the circumstances of improper shareholding.
The resignation personnel of the CSRC system used the influence of their original positions to seek investment opportunities, there was a transfer of interests during the shareholding process, the shareholding during the shareholding prohibition period, the shareholding as an unqualified shareholder, the source of the shareholding funds violated laws and regulations, etc., belong to improper shareholding.
The second is to strengthen the verification responsibilities of intermediary agencies.
In the process of verifying shareholder information, intermediary agencies should comprehensively check whether there is a share-holding situation of resigned personnel specified in the Guidelines and determine whether it is an improper share-holding situation.
In the case of improper share purchase, it shall be cleared up.
When the issuer and the intermediary institution submit the application documents for issuance and listing (listing), they shall make a special explanation on the relevant verification of the resigned personnel of the CSRC system.
After submitting an application for issuance and listing (listing), if an improper shareholding situation is discovered or a major media question arises, the intermediary institution shall check and report in a timely manner.
The third is to strengthen review and supervision and establish an independent review system.
Review the issuance and listing (listing) review process involving the participation of departed employees to ensure that the review process is fair, just, and in compliance with laws and regulations.
If clues of violations of law or discipline are found, they shall be handed over to relevant departments for handling.