China Securities Regulatory Commission, Trial Provisions for the Establishment of Subsidiaries by Securities Companies

中国证券监督管理委员会证券公司设立子公司试行规定

January 31, 2008 | BY

clpstaff &clp articles

Parent securities companies not allowed to compete with their subsidiaries.

Share:

Issued: December 28 2007
Effective: January 1 2008

Applicability: For the purposes of these Provisions, the term "subsidiary" means a securities company established in accordance with the Company Law and the Securities Law, engaging in one or more securities businesses approved by the China Securities Regulatory Commission (the CSRC) and controlled by a securities company (Article 2).