China Securities Regulatory Commission, Trial Provisions for the Establishment of Subsidiaries by Securities Companies
中国证券监督管理委员会证券公司设立子公司试行规定
Parent securities companies not allowed to compete with their subsidiaries.
Issue: February 2008
CLP Reference: 3700/07.12.28 (2)
PRC Reference: 证监机构字 [2007] 345号
Promulgated: 28 December 2007
Effective: 01 January 2008
Keywords (click to search):
securities subsidiaries
wholly-owned subsidiaries
securities companies
directly or indirectly hold equity or shares
conflict of interest
compete with subsidiaries
Issued: December 28 2007
Effective: January 1 2008
Applicability: For the purposes of these Provisions, the term "subsidiary" means a securities company established in accordance with the Company Law and the Securities Law, engaging in one or more securities businesses approved by the China Securities Regulatory Commission (the CSRC) and controlled by a securities company (Article 2).
Main Contents: With the approval of...
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