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20031120
The China Securities Regulatory Commission
Circular of China Securities Regulatory Commission Concerning Executing Well the Supervision of the Securities Executive Authority’s
Qualification on Transacting B-shares
ZhengJianJiGouZi [1999] No.39
June 9, 1999
Each security supervision office (directly affiliated office), special commissioners office of security supervision, Shanghai and
Shenzhen security exchanges:
With a view to further tightening examination, approval and supervision over the qualification on transacting B-shares, guarding against
and defusing financial risks, hereby notify the relating matters according to the Interim Measures on Domestic and Oversea Securities
Executive Authority’s Qualification on Transacting B-shares (ZhengJian [1996] No.5, hereinafter referred to as Measures), the relevant
issue is notified as follows:
1.
After awarded by China Securities Regulatory Commission (hereinafter referred to as CSRC) in 1997, the qualification credentials of
transacting B-shares have expired in succession. CSRC now has begun to extend qualification credentials of transacting B-shares.
Executive authorities that want to extend or apply credentials of qualification of securities executive authority should go through
proceedings of examination and approval under the Measures. Executive authorities shall return the Qualification Credentials of Transacting
B-shares to CSRC, if their qualification credentials have already expired, and they do not apply for postponement.
2.
The application on postponement shall be made in 6 months after promulgation of this circular. If the application is not made in time,
its original qualification on transacting B-share shall become invalid automatically; if the application on postponement is not made
in time, it shall be regard as a new application.
3.
Domestic securities executive authority making the first application to applying qualification of transacting B-shares or applying
to extend credentials of qualification of securities, shall make the application to local security supervision authority according
to the Measures. After the preliminary trial of local security supervision authority, the documents of application shall be filed
to CSRC. Oversea securities executive authority can directly apply to CSRC for qualification on transacting B-share.
Securities executive authority making the first application to applying qualification on transacting B-shares shall file application
and related materials according to Article 11 and 12 of the Measures; Securities executive authority making application to applying
to extend credentials of qualification of securities shall file documents according to Article 14 of the Measures and:
(1)
application of postponement;
(2)
application form for applying qualification on transacting B-share uniformly printed by CSRC;
(3)
introduction of professional staff;
(4)
original Qualification Credentials of Transacting B-shares.
4.
Securities executive authority with the qualification of transacting B-shares shall file the report to according to Article 16 of
the Measures on time. Besides CSRC, the report of domestic authority shall be submitted to the local security supervision authority
at the same time.
Each security supervision office shall urge the securities executive authority with the qualification of transacting B-shares in the
area under its jurisdiction to file its application of postponement on time, and shall strength daily supervision on them according
to the Measures.
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