Wednesday January 17 2024
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: China
On 17th January 2024, Shenzhen Stock Exchange (SZSE) has issued the revised Implementing Measures for Self-Regulatory Measures and Disciplinary Sanctions and Guidelines for Self-Regulation of Listed Companies No. 12 – Implementing Standards for Disciplinary Sanctions. The revision aims to further consolidate the institutional cornerstone for comprehensively strengthening regulation, actively instruct and urge all parties to operate in compliance and jointly create a good ecology of the capital market.
The revision mainly includes the following aspects:
Focusing on prominent problems to enhance the effectiveness of regulation.
- Increasing the severity of sanction.
- Filling the regulatory gap.
- Adhering to full accountability.
- Strengthening the regulation of intermediaries.
- Reinforcing joint sanctions.
SZSE shall take the corresponding measures against the persons who are subject to sanctions imposed by other securities trading venues such as temporarily not accepting documents and identifying as inappropriate persons.
Standardizing sanction procedures to increase the prescription of sanctions.
- Standardizing the prior notice.
- Optimizing the delivery method.
- Timely and efficiently imposing sanctions.
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