Legislation roundup: Securitisation, maritime arbitration and social security funds

The CSRC has issued provisions on the administration of securities companies, the CCPIT produced new Rules for CMAC and the State Council set out a draft framework for investments by the the National Social Security Fund

3 minute read November 27, 2014 at 08:50 AM
By
clpstaff and clp articles

Capital markets



China Securities Regulatory Commission, Provisions for the Administration of the Asset Securitisation Business of Securities Companies and the Subsidiaries of Fund Management Companies

中国证券监督管理委员会证券公司及基金管理公司子公司资产证券化业务管理规定



The Provisions make asset-backed dedicated plans the special purpose medium for engaging in asset securitisation, expand the scope of asset securitisation managers from securities companies to subsidiaries of asset management companies, as well as abolishing prior administrative examination and approval and implementing administration by way of post-event record filing with the fund association and a negative list of underlying assets.



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