The revised #SecuritiesLaw will come into effect on March 1, 2020.mp.weixin.qq.com/s/-IVfrLyUNl0A…
The chairman of the CSRC (China Securities Regulatory Commission), Yi Huiman, said that 2020 is the key year for the rule of law construction in the capital market.
Among all the amendments, certain highlights have received extensive attention from the market.
First, there are relatively comprehensive and systematic provisions on the securities issuance registration system. The second is to significantly increase the cost of law violations. The third is to improve the investor protection system.
The new Securities Law places higher legal requirements on market participants such as issuers, intermediaries, and investors.
For issuers and listed companies, they must pay attention to three new requirements: higher requirements for #informationdisclosure, greater responsibility for violations of laws and regulations, and stricter regulation for #corporategovernance.
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