Opinions on Further Standardizing the Operation of Issuance Examination Powers

Opinions on Further Standardizing the Operation of Issuance Examination Powers

Announcement of the China Securities Regulatory Commission [2015] No.27

November 24, 2015

The Opinions on Further Standardizing the Operation of Issuance Examination Powers is hereby issued for implementation as of the date of issuance

Opinions on Further Standardizing the Operation of Issuance Examination Powers

To further improve the stock issuance examination powers operation mechanism in accordance with the principles of openness, transparency, group decision-making, process traceability, and effective supervision, standardize the operation of powers, prevent corruption and boost clean governance, we hereby put forward the following opinions on further standardizing the operation of IPO and refinancing examination powers.

I. Transforming functions and streamlining the issuance procedure
To study and amend the relevant regulations and norms in accordance with the overall requirements for streamlining administration and delegating more powers to lower level governments, and the requirements for stock issuance registration system reform and information disclosure system reform; to change the current requirements for stock issuance in the regulations on the administration of IPO and listing and stock issuance of listed companies that are not specified in the current Securities Law to requirements for information disclosure so as to reduce the examination items and contents and thus diminishing the powers vested in the examiners.

II.
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