|
The China Securities Regulatory Commission (CSRC) is an institution of the State Council of the People's Republic of China (PRC), with ministry-level rank.〔Huang, C.W. "Company Law and the Independent Director System in Contemporary China." ''Hastings International and Comparative Law Review,'' Winter 2008 (Vol. 31), p. 411.〕 It is the main regulator of the securities industry in China. ==Function== China's Securities Law (passed December 1998, effective July 1, 1999), the nation's first comprehensive securities legislation, grants CSRC "authority to implement a centralized and unified regulation of the nationwide securities market in order to ensure their lawful operation."〔William I. Friedman, 27 Brook. J. Int'l L. 477 (2002). "One Country, Two Systems: The Inherent Conflict Between China's Communist Politics and Capitalist Securities Market." pg. 484-85〕 The CSRC oversees China's nationwide centralized securities supervisory system, with the power to regulate and supervise securities issuers, as well as to investigate, and impose penalties for, "illegal activities related to securities and futures."〔Huang, C.W. "Company Law and the Independent Director System in Contemporary China." ''Hastings International and Comparative Law Review,'' Winter 2008 (Vol. 31), note 1.〕 The CSRC is empowered to issue Opinions or Guideline Opinions, non-legally binding guidance for publicly traded corporations.〔 Its functions are similar to that of the Securities and Exchange Commission in the United States. Among its responsibilities include: * Formulating policies, laws and regulations concerning markets in securities and futures contracts. * Overseeing issuing, trading, custody and settlement of equity shares, bonds, investment funds. * Supervising listing, trading and settlement of futures contracts; futures exchanges; securities and futures firms. Indicative of the role of the CSRC, China's highest court, the Supreme People's Court–at least as of 2004–has declined to handle securities-related litigation directly, instead deferring such judgments to the CSRC.〔Dina J. Yin, 57 Rutgers L. Rev. 397 (2004). "Investor Regulations: An American Answer to a Chinese Problem. pg. 421.〕 The headquarters for the China Securities Regulatory Commission is in Beijing. Focus Place 19, Jin Rong Street, West District Beijing 100032. 抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「China Securities Regulatory Commission」の詳細全文を読む スポンサード リンク
|