Announcement on Issuing the Administrative Measures on Registration Experts in Debt Financing Instruments of Non-financial Enterprises
Announcement on Issuing the Administrative Measures on Registration Experts in Debt Financing Instruments of Non-financial Enterprises
Announcement on Issuing the Administrative Measures on Registration Experts in Debt Financing Instruments of Non-financial Enterprises
Announcement of the National Association of Financial Market Institutional Investors [2017] No. 7
February 20, 2017
For purposes of further promoting the steady development of the debt financing instruments market, playing professional advantages of registration experts in "preventing risks and promoting development", and successively upgrading the quality and efficiency of registration and issuance, the National Association of Financial Market Institutional Investors (the "NAFMII"), based on the fundamental principles of "openness and transparency, results-focused, and serving market", has revised the Administrative Measures for Registration Experts of Debt Financing Instruments of Non-financial Enterprises (the "Measures"), which have been deliberated and adopted at the 1st meeting of the Fifth Standing Council of the NAFMII on February 15, 2017 and are hereby promulgated for implementation.
Administrative Measures on Registration Experts in Debt Financing Instruments of Non-financial Enterprises
Chapter I General Provisions
Article 1 In order to standardize the relevant activities of registration experts on non-financial corporate debt-financing instruments ("registration experts"), enhance the quality, efficiency and transparency of the registration work, and improve the mechanism for registration work, the NAFMII introduces these Measures in accordance with the Measures of the People's Bank of China on the Administration of the Debt Financing Instruments of Non-financial Enterprises in the Interbank Bond Market and the Rules of the National Association of Financial Market Institutional Investors on the Issuance and Registration of Non-financial Corporate Debt-financing Instruments in the Interbank Bond Market and other relevant provisions.
Article 2 "Registration Experts" mentioned herein refer to professionals who are selected, through prescribed procedures, after meeting required conditions, and, are engaged by NAFMII to evaluate registration documents for non-financial corporate debt-financing instruments.
The appointment, resumption, management, evaluation of registration experts shall be governed by these Measures.
Article 3 Registration experts shall perform their duties in accordance with the principles of independence, impartiality and justice.
Article 4 The secretariat of the NAFMII evaluates and administers the work of registration experts.
Chapter II Appointment of Registration Experts
Article 5 Registration experts are composed of representatives of investors, underwriters, accounting firms, law offices, rating agencies, as well as other institutions, among which investor representatives account for no less than 30%.
Article 6 Registration experts are recommended by the members of the NAFMII (the "members"), evaluated and nominated by the secretariat of the NAFMII and, considered and decided by the Standing Council of the NAFMII.
Article 7 Registration experts shall meet the following requirements:
1.
......
Announcement of the National Association of Financial Market Institutional Investors [2017] No. 7
February 20, 2017
For purposes of further promoting the steady development of the debt financing instruments market, playing professional advantages of registration experts in "preventing risks and promoting development", and successively upgrading the quality and efficiency of registration and issuance, the National Association of Financial Market Institutional Investors (the "NAFMII"), based on the fundamental principles of "openness and transparency, results-focused, and serving market", has revised the Administrative Measures for Registration Experts of Debt Financing Instruments of Non-financial Enterprises (the "Measures"), which have been deliberated and adopted at the 1st meeting of the Fifth Standing Council of the NAFMII on February 15, 2017 and are hereby promulgated for implementation.
Administrative Measures on Registration Experts in Debt Financing Instruments of Non-financial Enterprises
Chapter I General Provisions
Article 1 In order to standardize the relevant activities of registration experts on non-financial corporate debt-financing instruments ("registration experts"), enhance the quality, efficiency and transparency of the registration work, and improve the mechanism for registration work, the NAFMII introduces these Measures in accordance with the Measures of the People's Bank of China on the Administration of the Debt Financing Instruments of Non-financial Enterprises in the Interbank Bond Market and the Rules of the National Association of Financial Market Institutional Investors on the Issuance and Registration of Non-financial Corporate Debt-financing Instruments in the Interbank Bond Market and other relevant provisions.
Article 2 "Registration Experts" mentioned herein refer to professionals who are selected, through prescribed procedures, after meeting required conditions, and, are engaged by NAFMII to evaluate registration documents for non-financial corporate debt-financing instruments.
The appointment, resumption, management, evaluation of registration experts shall be governed by these Measures.
Article 3 Registration experts shall perform their duties in accordance with the principles of independence, impartiality and justice.
Article 4 The secretariat of the NAFMII evaluates and administers the work of registration experts.
Chapter II Appointment of Registration Experts
Article 5 Registration experts are composed of representatives of investors, underwriters, accounting firms, law offices, rating agencies, as well as other institutions, among which investor representatives account for no less than 30%.
Article 6 Registration experts are recommended by the members of the NAFMII (the "members"), evaluated and nominated by the secretariat of the NAFMII and, considered and decided by the Standing Council of the NAFMII.
Article 7 Registration experts shall meet the following requirements:
1.
......