Legislation roundup: Insider trading, FDI regulations and Forex control processes

November 23, 2012 | BY

clpstaff &clp articles

The CSRC has strengthened its regulation of insider trading, while SAFE has relaxed rules on opening foreign exchange accounts for FDI and streamlined the foreign exchange control process for foreign-invested partnerships

Capital markets

China Securities Regulatory Commission, Tentative Provisions on Strengthening the Regulation of Unusual Share Transactions in Connection with Material Asset Reorganisation of Listed Companies

中国证券监督管理委员会关于加强与上市公司重大资产重组相关股票异常交易监管的暂行规定

If, in the process of the CSRC's examination of an M&A transaction, the listed company, the transaction counterparty that accounts for 20% or more of the transaction amount, or their controlling shareholder, de facto controller or controlled organisation, is found to have been involved in insider trading, the CSRC will terminate the examination process.  

See full translation for more details.

Further reading:

Interpretation on Several Issues Concerning the Specific Application of the Law in Handling Criminal Cases of Insider Trading and Leaking of Inside information, Nov/Dec 2012

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]