Tuesday April 3 2018
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Japan
Link: http://www.szse.cn/main/en/AboutSZSE/SZSENews/SZSENews/39778601.shtml
On March 29th 2018 , Shenzhen Stock Exchange (SZSE) updated its Securities Listing Rules. These rules incorporate some of the proposals outlined in SZSE’s 2018 Regulatory programme titled “Measures on the Administration of Stock Exchange”. This programme is designed to correct institutional weak spots and strengthen regulation on the Exchange.
These rules introduce the following measures:
- The stock exchange will conduct on-site inspections of listed companies. In cases of default SZSE may take disciplinary measures such as sending advice letters to relevant authorities and charging punitive penalty besides making public criticism and denunciation.
- The exchange will also impose suspensions and resumptions of trading, risk warnings, and listing terminations.
- The exchange also holds that listed companies will be required to behave in an honest and trustworthy manner, standardise operation, and perform information disclosure and other related obligations.
- The exchange maintains that Listed companies are primarily responsible for information disclosure and should ensure the authenticity, accuracy, completeness, timeliness, and fairness of the information.
For additional information please click the link above.