The supervision department abolishes 95 rules and documents and strives to connect the new securities law seamlessly

category:Finance
 The supervision department abolishes 95 rules and documents and strives to connect the new securities law seamlessly


Guo Yiming, chief investment adviser of Jufeng investment consulting, told Securities Daily that after the implementation of the new securities law, various rules and regulations are needed to cooperate, so as to truly be implemented, implemented and implemented. Therefore, to speed up the clearing and improvement of relevant rules and regulations is conducive to the fast and effective connection with the new securities law, as well as the smooth implementation and implementation of the new securities law.

In January this year, Yi Huiman, chairman of the CSRC, said that the CSRC would work hard to formulate and revise relevant supporting rules and normative documents. The implementation of the new securities law requires the formulation or revision of a large number of supporting regulations and further improvement of the legal system of the capital market. This work has been carried out. We should take the opportunity of the revision and implementation of the securities law to comprehensively clean up and improve the rules and regulations of the capital market.

On February 21, China Securities Regulatory Commission (CSRC) issued a public announcement and decided to abolish 18 regulatory documents of securities and futures. According to the CSRC, the Party committee of the CSRC specially arranges to systematically clean up all the current effective securities and Futures Rules and regulations. Focusing on the revised contents of the new securities law, the relevant rules and regulations are amended and repealed. Next, the results of the system clean-up will be published in batches according to the working process.

On February 28, the Shanghai Stock Exchange announced that it had made the 13th clean-up of the basic business rules, business implementation rules and general normative documents related to business published between its establishment and February 21, 2020, including 33 business rules that should be abolished or automatically invalidated, including relevant provisions that are not compatible with the new securities law.

Panhelin said that with a comprehensive clean-up and improvement of capital market rules and regulations, there has been a significant change in the regulatory responsibilities entrusted to it by the original rules and regulations. With the development of the capital market, the functions of the regulatory agencies will be more transformed into the prevention of market risks and the maintenance of the fair market order, which will help the capital market system to reduce policy blind spots and achieve more comprehensive and efficient supervision.

Guo Yiming believes that a comprehensive clean-up and improvement of capital market rules and regulations will help securities market participants better understand the new securities law and the new rules and regulations, and help securities regulators to implement the supporting rules and regulations of the new securities law as soon as possible, so as to promote the implementation of the new securities law and give full play to the new securities law in promoting market reform and maintenance Market order plays an important role in protecting the legitimate rights and interests of investors.

Source: responsible editor of Securities Daily: Yang qian_nf4425