On May 31, on the basis of the “18 Services”, the National Equities Exchange and Quotations and the Beijing Stock Exchange launched 24 measures to optimize self-regulatory services (referred to as “Services 24”) in light of the actual market conditions, to support areas and countries severely affected by the epidemic. The industry resumes development.
Specifically, the “24 Articles of Service” include five aspects:
To ensure the normal progress of the review and issuance business of the Beijing Stock Exchange. Smooth online communication channels before filing. Ensure the normal progress of the audit work of enterprises in areas and industries severely affected by the epidemic.Issuance and listing of major assets in accordance with regulationsreorganization, The refinancing review inquiry response time limit will be extended. Relaxation of submission requirements such as document signing.
Optimizing arrangements for the review business of the New Third Board. Implement application for listing, directional issuance,M&AReorganize the “green channel” for acceptance and review, and realize the connection of special personnel, special review, immediate report and review, and immediate suspension (handling) after review.
Facilitate enterprises to carry out information disclosure, corporate governance and other work. Before the end of 2022, the information disclosure period of listed companies and listed companies will be extended to 23:00. Appropriately relax the requirements for the submission of business documents, and some businesses are allowed to temporarily sign on behalf of the company entity after obtaining the corresponding authorization.
Support intermediaries to develop related businesses flexibly. The on-site verification arrangement of listed companies is flexible, allowing intermediaries to conduct remote verification online on the premise of ensuring the quality of verification. If it is difficult to clarify the verification conclusion through remote methods, an extension application can be submitted.supportsecuritiesThe company conducts business through off-site methods such as telephone and network.appropriate relaxationsecuritiesTime limit for reporting company practice data.
Facilitate arrangements for acceptance, ceremonies, investor services and other services. Through off-site methods, various acceptance services such as transfer of specific agreements, application for review, issuance of preferred shares, and membership of the Beijing Stock Exchange are handled.
Compared with the “18 Service Items”, the “Service 24 Items” newly proposes the extension of the review business of the Beijing Stock Exchange in accordance with the regulations, strengthens the guidance for the lead underwriter and the issuer, and relaxes thesecuritiesThe company’s practice data submission time limit requirements, continuous optimization of the “butler service” direct connection mechanism and other measures.
(Article source: China Securities Journal · China Securities Network)