China Securities Regulatory Commission, Measures for the Administration of the Sponsorship for Offering and Listing of Securities
中国证券监督管理委员会证券发行上市保荐业务管理办法
December 18, 2008 | BY
clpstaff &clp articles &IPO sponsors required to keep working drafts.
Promulgated: October 17 2008
Effective: December 1 2008
Main Contents: The Measures require a sponsor to establish a sound internal control system for its sponsorship work, duly ensure that the person in charge of its sponsorship business, person in charge of internal reviews, person in charge of its sponsorship department, sponsor representatives, project assistants and other relevant sponsorship business personnel act with due diligence, strictly control risks and improve the overall quality of its sponsorship business (Article 38). A sponsor shall also establish a sound working draft system, and keep separate sponsorship working drafts for each project (Article 41).
Related Legislation: PRC Securities Law (Amended) , Oct 27 2005, CLP 2006 No.1 p.31; and State Council, Decision on the Instituting Administrative Permits for Administrative Examination and Approval Items that Truly Need to be Retained, Tentative Measures for the Sponsorship System for Issue and Listing of Securities.
Repealed Legislation: Tentative Measures for the Sponsorship System for Issue and Listing of Securities , Dec 28 2003, CLP 2003 No.3 p.45; and Measures for the Provision of Guidance for Initial Public Offerings of Shares, 2001
clp reference:3700/08.10.17prc reference:证监会令第58号promulgated:2008-10-17effective:2008-12-01This premium content is reserved for
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