SFC qualified securities shareholders brokerage unit into a hot property

June 19, the Commission published on securities company license audit work guidelines on securities company stockholders and change holds more than 5% of the shareholders, audit of actual control introduced stricter requirements. Analysts said the practices can inhibit the short-term securities company shareholders on securities arbitrage, long-term stable development unit.

SFC 19 release new securities license auditing guidelines limit the securities company stockholders and change ownership by 5% or more of the shareholders, the shareholders had a clear ownership period, more stringent restrictions, security companies by the controlling shareholder and the actual controller exercise unit date 60 months shall transfer the shares.

The holder of the securities company changed by 5% the following equity shareholder filing guidelines "explicitly, to avoid short-term investment arbitrage, encourage investment and long-term investment strategy to ensure that the company's ownership structure is relatively stable, equity transferee should have a clear deadline. stocks

New requirements for the existence of the controlling shareholders or the actual control of the Corporation, if the controlling shareholders or the actual control to the transferee of the shares shall be the date self-supporting unit commitment and 60 months not to transfer the company's equity securities; not part of the above cases, the transferee shall be share ownership commitment date self-supporting unit 36 months not transferable securities held by the company's equity.

Under the new regulation, the absence of a controlling shareholder or de facto control of the equity securities company, the transferee should undertake exercise unit, 48 months not transferable securities held by the company's equity. Stock day refers to the place of incorporation on change of securities company zhengjianju holds 5 per cent of the shareholders of no-objection letter issued by date. As a result of merger or Division securities companies, restructuring, risk disposal and other special reasons, the shareholders approved the transfer of stock ownership, not honors unit age limits.

In the last year, the domestic market like A stock, securities dealers and reaped the profits, against the background of the brokerage equity also has become the hot property on the market, market participants pointed out that this file is strictly controlling the introduction of the investor speculation securities company. 　　 　　Yingda Securities Institute Lee clouds that this file can be an effective curb on short-term securities equity investment, thereby encouraging the medium to long term strategic investments while also supporting the development of domestic securities, brokerage unit long-term stable development. Prior to the securities market have also occurred include listing securities company, the shareholders in the short selling of shares in the event that recently more Chinese officials admit "the present economic and financial market problems are partly due to defects or inadequate supervision policies caused". Analysts means that this suppression of short-term securities company shareholders, arbitrage on the supervisory system