Order of China Securities Regulatory Commission
(No. 31)
The
Measures
for
the
Issuance
Examination
Committee
of
China
Securities
Regulatory
Commission, which were deliberated and adopted at the 179th executive meeting of the chairmen
of
China
Securities
Regulatory
Commission
on
May
8,
2006,
are
hereby
promulgated
and shall
come into force as of May 9, 2006.
Chairman of China Securities Regulatory Commission
Shang Fulin
May 9, 2006
Measures for the Issuance Examination Committee of China Securities Regulatory
Commission
Chapter I
General Provisions
Article 1 The present Measures are formulated in accordance with the relevant provisions in the
Securities Law of the People鈥檚 Republic of China for the purpose of ensuring the implementation
of
the
principles
of
openness,
fairness
and
impartiality
in
the
stock
issuance
examination
and
improving the quality and transparency of the stock issuance examination.
Article
2
The
China
Securities
Regulatory
Commission
(hereinafter
referred
to
as
the
鈥淐SRC鈥?
establishe
s the Issuance Examination Committee (hereinafter referred to as the 鈥淚EC鈥?. The IEC
shall
be
governed
by
these
Measures when
it
examines the
applications
of
the
issuers
for
stock
issuance
as
well
as
the
applications
for
the
issuance
of
convertible
company
bonds
and
other
securities as approved by the CSRC (hereinafter referred to as the applications for stock issuance).
Article 3 The IEC shall, in accordance with the Company Law of the People鈥檚 Republic of China,
the
Securities
Law
of
the
People鈥檚
Republic
of
China
and
other
laws
and
administrative
regulations
as
well
as
the
provisions
of
the
CSRC,
carry
out
examination
on
the
application
documents
of
the
issuers
for
stock
issuance
and
the
preliminary
examination
reports
of
the
relevant functional departments of the CSRC.
The
IEC
shall
vote
on
the
applications
for stock
issuance
by way
of casting
ballots,
and
bring
forward examination opinions.
The
CSRC
shall,
according
to
the
statutory
conditions
and
procedures,
make
decisions
on
approving or disapproving the applications for stock issuance.
Article
4
The IEC
shall
perform
its
functions
through
the work
meeting
of
the
IEC (hereinafter
referred to as the IEC meeting).
Article 5 The CSRC shall be responsible for the routine management of the affairs of the IEC as
well as the examination and supervision over the members of the IEC.
Chapter II
Composition of the IEC
Article 6 The members of the IEC shall be composed of the professionals of the CSRC and the
relevant experts outside the CSRC, and shall be appointed by the CSRC.
The
number
of IEC
members
shall
be
25,
some
of whom
may
be
full-time
staff
members.
In
particular, five IEC members shall come from the CSRC, and the other 20 members shall come