Announcement on Revising the Interim Measures of the National Equities Exchange and Quotations for the Transfer of Stocks of STAQ-listed and NET-listed Companies and Delisted Companies
Announcement on Revising the Interim Measures of the National Equities Exchange and Quotations for the Transfer of Stocks of STAQ-listed and NET-listed Companies and Delisted Companies
Announcement on Revising the Interim Measures of the National Equities Exchange and Quotations for the Transfer of Stocks of STAQ-listed and NET-listed Companies and Delisted Companies
Announcement of the National Equities Exchange and Quotations [2019] No.1455
September 11, 2019
In order to further clarify matters such as the sale of stocks of delisted companies and the engagement of publicly offered funds during trading, upon approval by the China Securities Regulatory Commission, National Equities Exchange and Quotations Co., Ltd. ("NEEQ Co., Ltd.") has revised the Interim Measures of the National Equities Exchange and Quotations for the Transfer of Stocks of STAQ-listed and NET-listed Companies and Delisted Companies (the "Measures"), which are hereby promulgated. The revised Measures shall come into force as of the date of promulgation.
The Announcement is hereby given.
Interim Measures of the National Equities Exchange and Quotations for the Transfer of Stocks of STAQ-listed and NET-listed Companies and Delisted Companies
Article 1 The Measures are formulated in accordance with the relevant laws and regulations in order to standardize the transfer of stocks of companies formerly listed on the Securities Trading Automated Quotations System (STAQ) and the National Electronic Trading System (NET) and later on the former Agency Share Transfer System for Securities Companies (the "STAQ-listed and NET-listed companies") and stocks of delisted companies (including those delisted companies newly listed after the promulgation hereof) on the National Equities Exchange and Quotations (the "NEEQ") and related activities.
Article 2 The stocks of STAQ-listed and NET-listed companies and delisted companies (the "companies") may be transferred on the NEEQ.
For a company that completes the delisting procedures in accordance with the law after the promulgation of the Measures, after the sponsoring broker that recommends the listing of the company's stocks is determined in accordance with the relevant provisions and the shareholders of the company have handled the stock ownership confirmation and registration, its stocks may be listed and transferred on the NEEQ.
Article 3 The shareholders of a company shall re-perform the procedures for the ownership confirmation, registration and custody of the shares in accordance with the relevant provisions before transferring the stocks.
The sponsoring brokers that recommend the listing of the companies' stocks are responsible for the registration of the shares withdrawn from stock exchanges and the registration and settlement of the shares entering the NEEQ with China Securities Depository and Clearing Corporation Limited ("CSDC").
Matters relating to the mutual entrustment with ownership confirmation between sponsoring brokers shall be separately prescribed by NEEQ Co., Ltd.
Article 4 CSDC provides services such as the registration, custody and settlement of the transfer of companies' stocks.
Article 5 A company or the sponsoring broker that recommends the listing of the company's stocks shall release a share ownership confirmation announcement on at least one information disclosure medium designated by the China Securities Regulatory Commission and the information disclosure platform designated by the NEEQ (www.neeq.com.cn or www.neeq.cc), which shall specify the termination of the listing of the company's stocks and notify the investors of the procedures for share ownership confirmation and registration, the time schedule and the time when the stocks start to be transferred.
Article 6 Shareholders holding tradable shares of a company may complete the procedures for ownership re-confirmation, registration and custody of the shares with any sponsoring broker; shareholders holding non-tradable shares or restricted shares of a company shall complete the procedures for ownership re-confirmation, registration and custody with the sponsoring broker that recommends the listing of the company's stocks.
Any shareholder of a company shall submit the following materials to the relevant sponsoring broker when completing the procedures for ownership re-confirmation, registration and custody:
1. in the case of an individual investor
(1) his or her ID card;
(2) the stock account card opened with the former trading venue where the stocks were listed (if any);
(3) the securities account card; and
(4) Application for the Registration and Custody of Stocks in the Transfer of Stocks of Non-listed Companies.
If an agent is entrusted, the agent's ID card shall also be provided.
2. in the case of an institutional investor
(1) the legal person business license or registration certificate (copy);
(2) the stock account card opened with the former trading venue where the stocks were listed (if any);
(3) the securities account card;
(4) the identity certificate and power of attorney of the legal representative;
(5) the ID cards of the legal representative and the handler; and
(6) Application for the Registration and Custody of Stocks in the Transfer of Stocks of Non-listed Companies.
Article 7 Under any of the following circumstances, the following related materials shall also be submitted or related procedures shall be completed:
1.
......
Announcement of the National Equities Exchange and Quotations [2019] No.1455
September 11, 2019
In order to further clarify matters such as the sale of stocks of delisted companies and the engagement of publicly offered funds during trading, upon approval by the China Securities Regulatory Commission, National Equities Exchange and Quotations Co., Ltd. ("NEEQ Co., Ltd.") has revised the Interim Measures of the National Equities Exchange and Quotations for the Transfer of Stocks of STAQ-listed and NET-listed Companies and Delisted Companies (the "Measures"), which are hereby promulgated. The revised Measures shall come into force as of the date of promulgation.
The Announcement is hereby given.
Interim Measures of the National Equities Exchange and Quotations for the Transfer of Stocks of STAQ-listed and NET-listed Companies and Delisted Companies
Article 1 The Measures are formulated in accordance with the relevant laws and regulations in order to standardize the transfer of stocks of companies formerly listed on the Securities Trading Automated Quotations System (STAQ) and the National Electronic Trading System (NET) and later on the former Agency Share Transfer System for Securities Companies (the "STAQ-listed and NET-listed companies") and stocks of delisted companies (including those delisted companies newly listed after the promulgation hereof) on the National Equities Exchange and Quotations (the "NEEQ") and related activities.
Article 2 The stocks of STAQ-listed and NET-listed companies and delisted companies (the "companies") may be transferred on the NEEQ.
For a company that completes the delisting procedures in accordance with the law after the promulgation of the Measures, after the sponsoring broker that recommends the listing of the company's stocks is determined in accordance with the relevant provisions and the shareholders of the company have handled the stock ownership confirmation and registration, its stocks may be listed and transferred on the NEEQ.
Article 3 The shareholders of a company shall re-perform the procedures for the ownership confirmation, registration and custody of the shares in accordance with the relevant provisions before transferring the stocks.
The sponsoring brokers that recommend the listing of the companies' stocks are responsible for the registration of the shares withdrawn from stock exchanges and the registration and settlement of the shares entering the NEEQ with China Securities Depository and Clearing Corporation Limited ("CSDC").
Matters relating to the mutual entrustment with ownership confirmation between sponsoring brokers shall be separately prescribed by NEEQ Co., Ltd.
Article 4 CSDC provides services such as the registration, custody and settlement of the transfer of companies' stocks.
Article 5 A company or the sponsoring broker that recommends the listing of the company's stocks shall release a share ownership confirmation announcement on at least one information disclosure medium designated by the China Securities Regulatory Commission and the information disclosure platform designated by the NEEQ (www.neeq.com.cn or www.neeq.cc), which shall specify the termination of the listing of the company's stocks and notify the investors of the procedures for share ownership confirmation and registration, the time schedule and the time when the stocks start to be transferred.
Article 6 Shareholders holding tradable shares of a company may complete the procedures for ownership re-confirmation, registration and custody of the shares with any sponsoring broker; shareholders holding non-tradable shares or restricted shares of a company shall complete the procedures for ownership re-confirmation, registration and custody with the sponsoring broker that recommends the listing of the company's stocks.
Any shareholder of a company shall submit the following materials to the relevant sponsoring broker when completing the procedures for ownership re-confirmation, registration and custody:
1. in the case of an individual investor
(1) his or her ID card;
(2) the stock account card opened with the former trading venue where the stocks were listed (if any);
(3) the securities account card; and
(4) Application for the Registration and Custody of Stocks in the Transfer of Stocks of Non-listed Companies.
If an agent is entrusted, the agent's ID card shall also be provided.
2. in the case of an institutional investor
(1) the legal person business license or registration certificate (copy);
(2) the stock account card opened with the former trading venue where the stocks were listed (if any);
(3) the securities account card;
(4) the identity certificate and power of attorney of the legal representative;
(5) the ID cards of the legal representative and the handler; and
(6) Application for the Registration and Custody of Stocks in the Transfer of Stocks of Non-listed Companies.
Article 7 Under any of the following circumstances, the following related materials shall also be submitted or related procedures shall be completed:
1.
......