China Securities Regulatory Commission, Opinions on Issues Relevant to Further Strengthening the Regulation of the Sponsorship Business
中国证券监督管理委员会关于进一步加强保荐业务监管有关问题的意见
May 31, 2012 | BY
clpstaff &clp articles &A sponsor representative may simultaneously handle two enterprises.
Issued: March 15 2012
Effective: as of date of issuance
Main contents: Sponsors shall establish an inquiry and review system for sponsor representatives and other project personnel. The internal review team shall conduct inquiry and review on the relevant personnel at the time of internal review meetings (Article 4). Two sponsor representatives may each now be responsible for two enterprises under review for the main board (including the SME board) and/or the Growth Enterprise Market concurrently, except for sponsor representatives who have records of violation of regulations within the most recent three years, or who have not acted as signatory for a completed initial public offering or refinancing project within the most recent three years. Previously, two sponsor representatives may each only be responsible for one enterprise under review for the main board or Growth Enterprise Market at the same time (Article 6).
Repealed legislation: Circular on Further Improving the Implementation of the <Tentative Measures for the Sponsorship System for Issue and Listing of Securities>, Dec 31 2004 and CSRC Announcement [2009] No.19
clp reference:3700/12.03.15promulgated:2012-03-15effective:2012-03-15This premium content is reserved for
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