Titanium Media App reported on September 2 that the Securities Association of China revised and released the "Regulations on the Sponsorship of Securities Companies". The amendments include, in accordance with the relevant requirements of the "Guidelines for Due Diligence of Sponsors", regarding the content of professional opinions issued by securities service institutions and their signatories in the issuer's application documents and securities issuance and offering documents, the sponsor institutions shall perform prudential verification obligations, It can be reasonably relied upon on the basis of conducting the necessary investigation and review. The "Regulations on the Sponsorship of Securities Companies" further stipulates that the sponsor shall, according to the issuer's industry and the issuer's own characteristics, etc., in combination with the issuance and listing conditions, the positioning of the sector to be listed, and information disclosure requirements, etc. Work Guidelines, etc., take necessary verification methods to verify, and comprehensively judge whether there is any major abnormality in the content of professional opinions issued by securities service institutions.
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Related events
- The Securities Association of China revised and issued the “Securities Company Sponsorship Business Rules” 2022-09-02
- The CSRC issued the “Guidelines for the Due Diligence of Sponsors” and “Guidelines for the Working Papers of Securities Issuance and Listing Sponsorship Business” 2022-05-28
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