Decision on Revising the Working Rules of the Listed Company Merger and Reorganization Examination Committee of the China Securities Regulatory Commission
Decision on Revising the Working Rules of the Listed Company Merger and Reorganization Examination Committee of the China Securities Regulatory Commission
Decision on Revising the Working Rules of the Listed Company Merger and Reorganization Examination Committee of the China Securities Regulatory Commission
Announcement of the China Securities Regulatory Commission [2018] No.24
July 3, 2018
The Decision on Revising the Working Rules of the Listed Company Merger and Reorganization Examination Committee of the China Securities Regulatory Commission is hereby promulgated and shall take effect immediately from the date of promulgation.
Decision on Revising the Working Rules of the Listed Company Merger and Reorganization Examination Committee of the China Securities Regulatory Commission
I. Article 1 is revised to read: "For the purposes of ensuring the openness, fairness and impartiality of the examination of the merger and reorganization of listed companies, enhancing the quality, efficiency and transparency of the examination of the merger and reorganization and better safeguarding the lawful rights and interests of investors, the Working Rules of the Listed Company Merger and Reorganization Examination Committee of the China Securities Regulatory Commission are formulated, in accordance with the Measures of the Public Offering Review Committee of the China Securities Regulatory Commission and other provisions relating to the merger and reorganization of listed companies."
II. Article 5 is revised to read: "The Merger and Reorganization Committee shall be composed of professionals numbering not more than 40 persons, of which members from the CSRC shall not exceed 11 persons.
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