China Securities Regulatory Commission, Provisions on Issues Relevant to Changes in the Registered Capital or Equity of Futures Companies

中国证券监督管理委员会关于期货公司变更注册资本或股权有关问题的规定

July 12, 2012 | BY

clpstaff &clp articles &

Green light given again to the approval of foreign investment in futures companies.

Clp Reference: 3700/12.05.10 Promulgated: 2012-05-10 Effective: 2012-05-10

Issued: May 10 2012

Effective: as of date of issuance

Main contents: If a legal person in China in which an overseas investor has a direct or indirect equity interest (including where, through the company's articles of association, an agreement, arrangement, etc., it can have an effect or exercise control) proposes to acquire an equity stake in a futures company, based on a calculation of equity interest or voting rights penetration, the percentage of the equity interest or voting rights in the futures company indirectly held by any one overseas investor shall be less than 5%, and if it has affiliates, their percentages shall be counted together (Article 7).

Related legislation: Measures for the Administration of Futures Companies, Apr 9 2008, CLP 2007 No.8 p.51

clp reference:3700/12.05.10promulgated:2012-05-10effective:2012-05-10

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