Legislation

• China Securities Regulatory Commission, Measures for the Regulation of Qualifications of the Directors, Supervisors and Senior Management Personnel of Securities Companies (Revised)

  中国证券监督管理委员会证券公司董事、监事和高级管理人员任职资格监管办法 (修订)

  Authority to approve qualifications of senior management of securities companies delegated to agencies of the CSRC.

  November 29, 2012

• Implementing Rules for the PRC Law on the Administration of the Levy and Collection of Taxes (Revised)

  中华人民共和国税收征收管理法实施细则 (修正)

  Articles 64, 65 and 69 of the Rules have been revised according to a State Council decision, removing the wordings concerning costs incurred from seizure, sealing up or custody of property.

  November 28, 2012

• Circular on Matters Relevant to Insurance Asset Management Companies

  关于保险资产管理公司有关事项的通知

  Insurance asset management companies may be entrusted to manage the funds of pension fund, enterprise annuity and housing fund.

  November 27, 2012

• PRC Lawyers Law (Revised in 2012)

  中华人民共和国律师法 (2012年修正)

  With the new revision, even if the client or another party's criminal act will seriously harm the safety of others' property, a lawyer is still bound by the confidentiality obligation.

  November 22, 2012

• China Securities Regulatory Commission, Tentative Provisions for the Administration of the Subsidiaries of Securities Investment Fund Management Companies

  中国证券监督管理委员会证券投资基金管理公司子公司管理暂行规定

  Registered capital of a subsidiary of a fund management company is not allowed to be less than Rmb20 million.

  November 15, 2012

• Other Recent Legislation This Month

  National legislationInvestment instrumentsImplementing Rules for the Targeted Asset Management Business of Securities Companies 证券公司定向资产管理业务实施细则…

  November 12, 2012

• Shenzhen City, Tentative Measures on Encouraging the Development of Headquarters Enterprises

  深圳市鼓励总部企业发展暂行办法

  Shenzhen offers awards up to Rmb50 million for new headquarters.

  November 12, 2012

• China Securities Regulatory Commission, Measures for the Regulation of Unlisted Public Companies

  中国证券监督管理委员会非上市公众公司监督管理办法

  Investment of venture capital funds in the over-the-counter markets being regulated.

  November 12, 2012

• Ministry of Land and Resources, Opinions on Standardising Land Registration

  国土资源部关于规范土地登记的意见

  Land registration strengthened to tackle idle land and illegal land use.

  November 12, 2012

• China Insurance Regulatory Commission, Tentative Measures for Administration of the Allocation of Insurance Assets

  中国保险监督管理委员会保险资产配置管理暂行办法

  Investment-linked insurance proceeds not restricted by the 25% threshold.

  November 12, 2012