In recent days, the SZSE has made the thorough cleaning up on business rules promulgated during the period ended Sept. 30, 2010. It is confirmed that 107 pieces of business rules remain in force, and 104 pieces of business rules will be repealed.
The SZSE person in charge of the case expressed that the SZSE has sorted out all rules, regulations, guidelines, notices and other provisions adopted since the foundation of the SZSE. With the new Securities Law and Company Law coming into force and relevant supporting regulations taking effect, the corresponding amendments and adjustment are needed with respect to the relevant business rules of the SZSE. And, after many years of the planned formulation, revision and cleaning, so far, the SZSE has shaped the multi-layer business rule system composed of rules, guidelines and other provisions, covering main board, SME board, ChiNext board, placing the core on three big business rules: listing rules, trading rules, members rules.
The person also stressed that the next step of the SZSE is to continuously improve the work mechanism for the formulation, revision and cleaning of business rules, which is oriented to the differentiated supervision on multi-layer markets on the basis of the standardized and scientific business rules system, in hope of laying down the solid system foundation for building of multi-layer capital markets.
It is reported that the SZSE repealed three batches of business rules totaling 288 pieces respectively in 2003, 2005 and 2006. This batch of repealed business rules include those rules which had been revised, automatically ceased to be in force or are inapplicable due to the development of business.