CSRC Announces the Decision to Revise and Annul Normative Documents Involved in the Reform of Streamlining Administration, Delegating Power, Strengthening Regulation and Improving Services
The Decisions provide clarity on the administrative approaches and measures for connecting relevant rules, after the cancelation of some administrative approval items and the cut in occupational qualification licenses and certification items, to further implement requirements on straightening out and removing certain intermediary service items subject to the administrative approval of departments under the State Council. According to the Decisions, seven rules, including the Administrative Measures on the Registration and Settlement of Securities, the Administrative Measures for the Sponsorship Service for Securities Offering and Listing and the Measures for the Supervision and Administration of Futures Companies, and another ten normative documents, such as the Administrative Provisions on Subordinated Debts of Securities Companies, the Interim Provisions on the Examination and Approval of the Business Scope of Securities Companies and the Tentative Measures for the Financial Futures Settlement Business of Futures Companies, are amended; additionally, three normative documents repealed this time include the Announcement on Matters concerning Administrative and Institutional Fees Charged by Securities Regulators.