China Securities Regulatory Commission and Ministry of Finance, Administration of Temporary Licences for the Auditing of Listed Finance-type Companies by Accounting Firms from Outside China Measures

Issued: January 12 2001
Effective: as of date of issue
Interpreting authority: China Securities Regulatory Commission and Ministry of Finance

Main contents: The Measures state that temporary licences for accounting firms from outside China auditing listed banking, securities or insurance companies are valid for one year (Article 3). The Measures also list the criteria for obtaining such licences, including the requirement that the applicant be an international accounting firm, as well as the documents required for obtaining such licences (Articles 5 and 6).
Related legislation: PRC, Securities Law, Dec 29 1998, CLP 1999 No.1 p25; PRC, Registered Accountant Law, Oct 31 1993, CLP 1993 No.10 p4; China Securities Regulatory Commission, Compilation Rules for Information Disclosures by Companies That Offer Securities to the Public No.1: Contents and Format of Commercial Bank Share Prospectuses Special Provisions, Nov 2 2000, CLP 2000 No.10 p4; China Securities Regulatory Commission, Compilation Rules for Information Disclosures by Companies That Offer Securities to the Public No.3: Contents and Format of Insurance Company Share Prospectuses Special Provisions, Nov 2 2000, CLP 2000 No.10 p5 and China Securities Regulatory Commission, Compilation Rules for Information Disclosures by Companies That Offer Securities to the Public No.5: Contents and Format of Securities Company Share Prospectuses Special Provisions, Nov 2 2000, CLP 2000 No.10 p5