China Securities Regulatory Commission, Provisions for the Administration of Sale of Financial Products by Securities Companies on an Agency Basis

中国证券监督管理委员会证券公司代销金融产品管理规定

December 14, 2012 | BY

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Securities companies are allowed to be financial product sales agents.

Clp Reference: 3700/12.11.12 Promulgated: 2012-11-12 Effective: 2012-11-12

Promulgated: November 12 2012
Effective: as of date of promulgation


Applicability: For the purpose of these Provisions, the term “sale of financial products on an agency basis” refers to the sale of financial products or referral of purchasers of financial products by securities companies upon entrustment of the issuer of the financial products (Article 2).


Main contents: Securities companies may, on an agency basis, sell all types of financial products that are offered in China and that have been approved by, or filed for the record with, the relevant state authority or an organisation that it has authorised (Article 4).


Related legislation: PRC Securities Law (Amended), Oct 27 2005, CLP 2006 No.1 p.31; and Regulations for the Oversight of Securities Companies, Apr 23 2008, CLP 2008 No.6 p.45

clp reference:3700/12.11.12promulgated:2012-11-12effective:2012-11-12

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