PRC Securities Law (Revised)

中华人民共和国证券法 (修正)

October 02, 2004 | BY

clpstaff &clp articles

Cancelling verification and approval requirements by the State Council's securities regulatory authority.

Clp Reference: 3700/04.08.28 Promulgated: 2004-08-28 Effective: 2004-08-28

Revised on August 31 2014. Latest version can be found at: http://www.chinalawandpractice.com/Article/3390486/PRC-Securities-Law-Revised-in-2014.html
Promulgated: August 28 2004
Effective: as of date of promulgation

Main contents: Article 28 of the Law is revised to read: "If shares are issued at a premium, the issuing price shall be determined through consultations between the issuer and the securities company handling the distribution." Verification and approval by the State Council's securities regulatory authority is no longer required. Article 50 is revised to read: "Companies that apply to list corporate bonds issued by them shall be verified by stock exchanges in accordance with the statutory conditions and statutory procedures." Verification is no longer carried out by the State Council's securities regulatory authority.

clp reference:3700/04.08.28promulgated:2004-08-28effective:2004-08-28

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