China Securities Regulatory Commission, Guidelines on Working Drafts for the Sponsorship of the 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工作底稿指引

May 09, 2009 | BY

clpstaff &clp articles

Working drafts for sponsor work must be kept for 10 years.

Promulgated: March 27 2009
Effective: April 1 2009

Applicability: The term “working draft” refers to all types of important materials and work records related to the sponsor work that are obtained and prepared by the sponsor and its sponsor representatives during the whole process of their sponsor work (Article 2).

All documents and information that have a major impact on the performance of the sponsorship duty by the sponsor and its sponsor representatives shall be retained as part of the working draft, regardless of whether there is clear stipulation in these Guidelines (Article 4).

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