Relevant work of the revised Securities Law after the issuance of the circular by the State Office

category:Hot
 Relevant work of the revised Securities Law after the issuance of the circular by the State Office


According to the notice, illegal securities crimes should be punished according to law. We will increase the investigation and punishment of acts that seriously disrupt market order, such as fraudulent issuance, illegal information disclosure, the failure of intermediaries to perform their duties diligently, and market manipulation, insider trading, and securities trading with unpublished information. Strengthen the connection between administrative law enforcement and criminal justice, strengthen information sharing and clue notification, and improve the efficiency of case transfer and investigation. The public security organs should strengthen the crackdown on the illegal securities crimes and form an effective deterrent. We should strengthen the protection of the legitimate rights and interests of investors. We will take effective measures to protect the legitimate rights and interests of investors, especially small and medium-sized investors, in accordance with the law, and steadily push forward the system of civil securities compensation litigation brought by investor protection institutions on behalf of investors.

The notice stressed that we should speed up the cleaning and improvement of relevant rules and regulations. The CSRC, the Ministry of justice and other departments shall carry out special cleaning of the administrative laws and regulations related to the securities law, and timely put forward suggestions for revision. The relevant departments shall, in accordance with the new requirements after the revision of the securities law, promptly organize and clean up the relevant rules and regulations, do a good job in legislative reform, abolition and interpretation, and do a good job in policy convergence.