Examples of PRC Securities Law in a sentence
The CSRC has the right to interpret the implementation of the PRC Securities Law to some extent.
All of the above-identified articles of the PRC Securities Law taken together indicate that the PRC Securities Law is intended to govern matters related to domestic securities businesses.
Article 177 is stipulated under Chapter 12 of the PRC Securities Law, which is a chapter to state roles and duties of the CSRC.
Article 177 remains silent on the scope of “documents and materials related to securities business activities.” It is noted that, in addition to this Article 177, the wording of “securities business activities” has been adopted in other articles of the PRC Securities Law, for example, Article 118, Article 163, Article 169, and Article 202, all of which regulate the matters related to PRC domestic securities business only.
Other articles under Chapter 12 of the PRC Securities Law and this Article 177 mainly focus on the CSRC’s enforcement authorities, manners of investigation and other matters related to enforcement/investigation.
Also, as a general provision, the PRC Securities Law stipulates in Article 2 that it (the PRC Securities Law) applies to the offering and trading of securities within the territory of the PRC (with some limited exceptions).
THE OFFER The A Share Offer will be made in compliance with the PRC Securities Law (adopted by the Standing Committee of the National People’s Congress and promulgated under the order of the President of the PRC) and the Administrative Measures on Acquisitions of Listed Companies administered by the CSRC (the Administrative Measures).
The voting procedure complied with the PRC Company Law, the PRC Securities Law and other relevant laws, regulations and regulatory documents as well as relevant rules of the Company’s Articles of Association; the Transaction was conducted on general commercial terms.
Please ensure you acknowledge Article 177 of PRC Securities Law effective March 2020, possibly further limiting an overseas regulator from conducting investigations or from collecting evidence within China.
Therefore, we are of the opinion that the provisions of Article 177 of the PRC Securities Law shall not be applicable.