China Securities Regulatory Commission, Matters Relevant to the Implementation of the «Sponsorship System for Offering and Listing of Securities Tentative Procedures» Circular

中国证券监督管理委员会关于实施《证券发行上市保荐制度暂行办法》有关事项的通知

March 31, 2004 | BY

clpstaff &clp articles

Clarification for the investment banking qualificaiton for the registration of sponsor representative.

Clp Reference: 3700/04.01.02 Promulgated: 2004-01-02

Issued: January 2 2004

Main contents: The Circular elaborates on the standards defining investment banking experience, which is one of the criteria for registration of sponsor representatives. As of the date of announcement of the first list of sponsor institutions and sponsor representatives, the China Securities Regulatory Commission will only handle securities offering and listing recommendation documents submitted by sponsor institutions (Item Four). After the implementation of the sponsorship system for a period of time, depending on market conditions, the existing "gateway system" will be repealed (Item Five).
Related legislation: Sponsorship System for Offering and Listing of Securities Tentative Procedures, Dec 28 2003, CLP 2004 No.3 p65
Repealed legislation: Article 16 concerning return visits of lead distributors of the Questions Relevant to the Engagement in Lead Distributing Business for Share Issues by Securities Companies Guidance Opinion, Mar 17 2001, CLP 2001 No.5 p8

clp reference:3700/04.01.02promulgated:2004-01-02

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