China Securities Regulatory Commission, Provisions on Issues Relevant to the Regulation of Controlling Interests and Equity Interests in Futures Companies

中国证券监督管理委员会关于规范控股、参股期货公司有关问题的规定

July 09, 2008 | BY

clpstaff &clp articles &

CSRC harnesses equity interests in futures companies.

Clp Reference: 3700/08.05.22 Promulgated: 2008-05-22 Effective: 2008-06-01

Issued: May 22 2008
Effective: June 1 2008

Main Contents: The number of futures companies in which one entity has a controlling interest or equity interest may not exceed two, and the number of futures companies in which it has a controlling interest may not exceed one. The appendix to the Provisions details the criteria on determining a controlling interest or equity interest in a futures company.

Related Legislation: PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p.21; Regulations for the Administration of Futures Trading, Mar 6 2007, CLP 2007 No.7 p.68; and Measures for the Administration of Futures Companies, Apr 9 2008, CLP 2007 No.8 p.51

clp reference:3700/08.05.22prc reference:证监会公告 [2008] 24号promulgated:2008-05-22effective:2008-06-01

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