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The SFC Officially Opened The IPO Audit Process For The First Time, The Ten Pass.

2012/2/2 9:49:00 3

The SFC Officially Opened The Ten Pass For The First Time.

The 1 day of the SFC formally examined the public stock issuance process to further enhance the openness and pparency of the issuance audit.

According to introducing, according to the administration according to law,

open

The requirements for pparency, collective decision-making and division of labor checks and balances. The audit process of initial public offering (IPO) is divided into ten main links, namely, acceptance, feedback, meeting, inquiry, pre disclosure, preliminary examination, trial, closure, post event examination and approval.

"Through the mechanism of two person audit and collective decision-making, we ensure that each audit decision of the issuing applicant makes a collective discussion through the meeting to avoid any personal decision."

The director of the relevant departments of the SFC said.

At the same time, the SFC will apply for IPO enterprises pre operation from 1.

Disclosure

The time was 5 days before the original trial meeting before the trial meeting, which was about 30 days before the trial meeting.

According to the information disclosed by the website, a total of 295 enterprises in the issuing department are divided into three categories: first trial, feedback implementation, and pre disclosure, and 4 enterprises such as Jiangnan are terminating the review. There are 220 enterprises in the GEM board, which are divided into four types: first trial, feedback implementation, pre disclosure, and suspension review. 30 of them stop censorship, and 5 enterprises stop censorship.

The head of the relevant department of the SFC said that the process was open to the supervision and restriction of the SFC's audit work. Through two-way publicity, the issuance market was more open, fair and impartial. It urged the intermediaries and the SFC auditors to be diligent and conscientious, and all the listed companies could jointly advocate the open concept.

The responsible person said that the future will strive to achieve once accepted.

enterprise

The pre disclosure of the prospectus of the prospectus, which requires more intermediaries, urges sponsors to further improve the quality of their work. The SFC can also get rid of the heavy work of helping intermediaries to change materials and concentrate more on risk control.