(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。)
Announcement of the CSRC [2008] No.20
Article 1: These Provisions have been formulated pursuant to
证监会公告 [2008] 20 号
Provisions for the Regulation of Branches of Securities Companies (Trial Implementation)
证券公司分公司监管规定 (试行)
When a securities company is to establish a branch, it shall require the approval of the China Securities Regulatory Commission. A branch shall not have legal personality and its legal liability shall be borne by the securities company.
By clpstaff | clp articles |