China Securities Unit and Sanwen Ten Handle Secretary: Summit sets a demonstration text, and there are demonstration standards for diligence ｜ Quick News

Text/Qiu Li

On the evening of June 17, in order to implement the relevant regulations and the needs of the reform and development of the registration system, further improve the professional standards of the sponsorship agency, and promote the improvement of professional capabilities and the quality of practice. On June 17th, officially released the "Disciplinary Rules for the Payment of Stocks of Stocks and Listing Business Work Works of the Securities Company" (hereinafter referred to as the "Draft Catalog Rules") and the "Recommended Substitute Subcommentary Agreement (Demonstration Text)" ")" Securities Business Demonstration Practice No. 3-Substitute Due to Disciplinary Survey "(hereinafter referred to as" Due to the Delivery Demonstration Practice ") and other three self-discipline rules.

Among them, the "Summary Agreement" and "Due to Disciplinary Examination Demonstration Practice" will be implemented from the date of release, and the "Draft Catalog Rules" will be implemented after the transition period.

The China Securities Association pointed out that the "Draft Catalog Rules" is specifically authorized in accordance with the "Guidelines for the Period Draft of Securities Issuance and Listing Business", which clearly clearly issued the first public issuance of shares and listed the sponsorship business work. Adaptability, promote the standardization of sponsorship business and the management of the manuscript. The sponsorship agency shall, in accordance with the general requirements of the details, different types of adjustments, supplementing, and perfecting the list of sponsorship work under the premise of the issuer's sector, industry, business, and financing types. At the same time, in response to the financing needs of enterprises, actively serving the real economy, combined with regulatory requirements and industry practices, the project was reasonably set up in different stages of projects.

The "Summary Agreement" guides the signing performance of the contract subject through demonstration text, further clarify the rights and obligations and responsibilities of the subjects of all parties in the sponsorship business, protect the legitimate rights and interests of all parties, clearly implement the antitrust, anti -unfair competition competition, Hedician practice requirements. The text mainly stipulates the rights and obligations of the issuer and sponsor. The attachment is the agreement signed by the issuer and its controlling shareholder, actual controller and sponsorship agency, which focuses on the comprehensive cooperation obligations of the issuer's controlling shareholder and actual controller in the process of sponsorship. Each responsibility forms a standardized contract.

In addition, on the basis of the "Examination Work Standards for Subsiders", the "Demonstration Demonstration Practice", combined with the relevant regulatory regulations issued by the China Securities Regulatory Commission and the Stock Exchange, and reviewed questions and answers, in accordance with the implementation process of the sponsorship business, it covered it. Counseling, recommendation, and continuous supervision stage The main responsibilities and matters that need to be performed in the process of diligence needed and the methods that can be taken in the process of diligence are required. The operability and operability, fully reflect the demonstration and advocacy of the rules of self -discipline.

The China Securities Association stated that in the next step, it will continue to play the role of self -discipline management, balance, and conduction, strengthen the construction of professional standards for business practice in investment banks, promote the improvement of the rules system of responsibility for the return of intermediary agencies, and promote the formation of sponsoring agencies to promote faithfulness, loyal responsibilities, and responsibility,, loyalty responsibilities, and loyalty responsibilities. Professional victory and reputation, the practice ecology of the supremacy, and the entrance to the capital market.

Edit: Yan Hui

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