Legislation roundup: Internet copyright and IPO resumption
November 12, 2015 | BY
Katherine JoOnline apps including Weibo and WeChat have been regulated for copyright and the CSRC has abolished prepayments for IPOs and increased disclosure requirements for issuers and underwriters
Intellectual Property
General Office of the State Council, Opinions on Strengthening Control of Infringement and Passing Off in the Internet Sector
New transmission methods, such as third party applications of smart mobile terminals, cloud storage space, Weibo and WeChat, are made subject to copyright oversight.
Further reading
Capital Markets
China Securities Regulatory Commission, Measures for the Administration of Initial Public Offerings of Shares and the Listing Thereof (Draft for Comments)
The Draft removes the prepayment system for subscription of new shares, and instead requires the payment to be made after the number of shares to be issued is confirmed.
Further reading
China Securities Regulatory Commission, Measures for the Administration of the Offering and Underwriting of Securities (Draft Amendments)
The Draft Amendments propose that the securities issuer and lead underwriter disclose the percentage of securities purchases covered by the lead underwriter and list the amounts not fully paid by the offline investors.
Further reading
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