(Issued by the China Securities Regulatory Commission on, and effective as of, May 13 2008.)
(中国证券监督管理委员会于二零零八年五月十三日公布，自公告之日起施行。)
Notice of the CSRC [2008] No.20
Article 1: These Provisions have been formulated pursuant to the Company Law, the Securities Law and the Regulations for the Oversight of Securities Companies in order to meet the requirements of securities companies operating at their own discretion and enhancement of the organizational system and to regulate the establishment and operation of branches of securities companies.
第一条 为了适应证券公司自主经营和完善组织体系的需要，规范证券公司分公司的设立和运营，根据《公司法》、《证券法》和《证券公司监督管理条例》，制定本规定。
Article 2: For the purposes of these Provisions, the term “branch” means an establishment, other than a securities business office, engaging in business activities that is established by a securities company in accordance with the Company Law, the Securities Law and the Regulations for the Oversight of Securities Companies.
第二条 本规定所称分公司是指证券公司依照《公司法》、《证券法》和《证券公司监督管理条例》设立的除证券营业部以外从事经营活动的机构。