1. What are the requirements for sponsors?
Formal staff engaged in securities issuance and underwriting, mergers and acquisitions,
1. What are the requirements for sponsors?
Formal staff engaged in securities issuance and underwriting, mergers and acquisitions, fixed income and other investment banking related businesses in securities companies.
Reference personnel should meet the following conditions: formal employees engaged in securities issuance and underwriting, mergers and acquisitions, fixed income and other investment banking-related businesses in securities companies; Has obtained the qualification of securities practitioners (that is, at least one professional subject has passed the basic subject of the qualification examination for securities practitioners).
Engaged in securities issuance and underwriting, mergers and acquisitions, fixed income and other investment banking related businesses for more than two years (including experience in securities companies, law firms, accounting firms, asset appraisal institutions engaged in securities issuance and underwriting, mergers and acquisitions, fixed income and other investment banking related businesses), the working years are calculated from June 20 13 to June 2 1 year, and the working hours such as * * and internship are not included in the work.
(1) Extended reading of sponsor representative conditions:
Provisions on relevant requirements of securities sponsor qualification examination:
1. According to the unified arrangement of the association, this year's annual business training plan for sponsor representatives has been published on the website of the association. Please check in time and organize personnel to attend and complete the training.
2. For the sponsor representative who fails to complete the business training and annual inspection of the sponsor representative this year as required, I will cancel the qualification of the sponsor representative and cancel the results of the competency examination of the sponsor representative.
3. For other personnel who fail to complete the business training of sponsor representatives this year as required, I will cancel the results of the competency test of sponsor representatives.
2 sponsor representative examination registration conditions and examination subjects
The examination subjects are the comprehensive examination of securities knowledge and the professional examination of investment banking.
All securities companies engaged in securities issuance and underwriting, mergers and acquisitions and other investment banking businesses, as well as securities companies that have obtained securities business qualifications (that is, securities companies that have passed the basic subjects and at least one professional subject of the securities practitioners qualification examination) can sign up for this examination. The company should apply for a collective registration account on the website of the association and pay the fee.
In any of the following circumstances, the China Securities Regulatory Commission will remove the sponsor representative from the list:
1, the practice certificate is cancelled or revoked;
2. Do not have the investment banking experience stipulated by the China Securities Regulatory Commission;
3. The recommendation institution withdraws the recommendation letter;
4. Transfer from the sponsor institution or its investment banking department;
5. Undertake a large amount of outstanding debts due;
6. Being administratively punished by the China Securities Regulatory Commission for violating laws and regulations, or being sentenced to punishment for crimes;
7. Other circumstances stipulated by China Securities Regulatory Commission.
3. What conditions do I need to sign up for the sponsor qualification examination?
The registration conditions for the sponsor qualification examination are as follows:
1. Individual registration is not allowed for the sponsor representative qualification examination. Personnel of securities companies who are engaged in fixed income business and have obtained securities business qualifications can also sign up for the examination. Persons who pass the examination and meet other requirements stipulated by the China Securities Regulatory Commission may apply to the China Securities Regulatory Commission for registration as a sponsor representative in accordance with relevant regulations;
2. Formal personnel engaged in securities issuance, underwriting, mergers and acquisitions, fixed income of securities companies and other investment banking-related businesses;
3. Engaged in securities issuance, underwriting, mergers and acquisitions, fixed income and other investment banking related businesses for more than two years, including investment banking, securities underwriting, mergers and acquisitions, fixed income and other investment banking related business experience. The above time is determined according to the official working hours. * * * and informal jobs such as internships do not count.
(three) the sponsor representative has the conditions to extend the reading.
Because the examination requires high qualifications, professional ability and professional ethics of sponsors, there are only a handful of people who can pass the examination every year, and their worth naturally rises. Many investment banks do not hesitate to retain sponsors with high salary, high welfare and high commission, so the sponsor qualification examination has become the "most valuable" examination.
The sponsor's duty is to assist the listing applicant to apply for listing, be responsible for carefully examining and disclosing the applicant's relevant documents, and bear corresponding responsibilities. A sponsor shall, in accordance with the principles of openness, fairness, impartiality, standardization and voluntariness, engage in business within the scope approved by the Exchange, and shall not exceed the business scope and business authority without authorization.
4. What are the requirements for obtaining a securities sponsor representative?
I. Application Methods and Conditions
The examination registration work takes the form of unified registration by securities companies through the website of the association. Personal registration is not allowed for the qualification examination of sponsor representative. All securities companies engaged in securities issuance, underwriting, mergers and acquisitions and other investment banking businesses, and have obtained the qualifications of securities practitioners (that is, those who have passed the basic subjects and at least one professional subject examination of the securities practitioners qualification examination), can sign up for the examination. In addition, according to the spirit of the China Securities Regulatory Commission's "Pilot Measures for Corporate Bond Issuance", personnel of securities companies who are engaged in fixed-income business and have obtained securities business qualifications can also sign up for the examination. A person who has passed the examination and meets other requirements stipulated by the China Securities Regulatory Commission may apply to the China Securities Regulatory Commission for registration as a sponsor representative in accordance with relevant regulations.
Second, the examination subjects and contents
The examination subjects are the comprehensive examination of securities knowledge and the professional examination of investment banking. The examination time of each subject 180 minutes, and the total score of each subject 100 points. The passing line of the exam is the total score 120, and the single subject is not less than 60. Those who pass the examination shall participate in the relevant annual business training organized by China Securities Association or other institutions recognized by China Securities Regulatory Commission. The examination takes the form of closed-book computer examination, and the questions are all objective questions.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
5. Excuse me, what are the latest requirements for the securities company sponsor representative exam? Can securities practitioners take the exam?
The examination for sponsor representative requires company registration and more than 2 years experience in investment banking. Most securities brokers can't apply, even investment analysts can't apply.
Although some graduate students take shortcuts, the premise is that they have worked in securities firms, so that they have the opportunity to forge their investment banking experience. At present, the Securities Industry Association is very strict about this inspection.
In addition, the examination of sponsor representatives is very difficult, and the pass rate is 10-25%, and it is once a year. The topics are very wide and can't be rushed through before the exam, including all the contents of certified public accountants, all the contents of the five major examinations for securities qualifications, and the latest company law and securities law.
People with average education can't pass the exam even if they take it. It takes a long time to take this exam. It is estimated that it will take more than three years to prepare now, and it may not be passed.
6. What are the requirements for a sponsor representative to take the exam or become a sponsor representative?
Qualifications:
1, with more than 2 years experience in investment banking, has been the lead underwriter of 1 initial public offering of domestic and foreign special banking stocks and issuance of new shares or convertible bonds by listed companies since 2002. Only one project leader can be determined for a project;
2. Having more than 2 years experience in investment banking, and having participated in major underwriting projects such as initial public offerings of stocks, new shares or convertible bonds of more than two domestic and foreign listed companies. A project only recognizes two participants, one of whom is the project leader;
3. Have more than 2 years working experience in investment banking, and serve as the company's senior manager in charge of investment banking business, head of investment banking business, head of core business or other relevant investment banking business. The number of personnel recommended by various comprehensive securities companies shall not exceed 2 times the number of recommended channels.
The application conditions of the sponsor representative:
1, more than three years experience in related business;
2. Serving as the project coordinator in the domestic securities issuance projects as stipulated in Article 2 of these Measures;
3. Participate in the ability test of sponsor representatives recognized by the China Securities Regulatory Commission, and the results are qualified and effective;
4. Honesty and trustworthiness, good conduct, no bad credit record, and no administrative punishment by the China Securities Regulatory Commission;
5. There are no outstanding large debts.
7. Does the sponsor representative test require academic qualifications? Can anyone take the exam?
To take the sponsor qualification examination, you must have working experience in investment banking and securities qualification certificate.
Specifically, the following conditions should be met:
1. Formal staff engaged in securities issuance and underwriting, mergers and acquisitions, fixed income and other investment banking-related businesses in securities companies;
2, engaged in securities underwriting, mergers and acquisitions, fixed income and other investment banking related business for more than two years (including securities companies, law firms, accounting firms, asset appraisal institutions engaged in securities underwriting, mergers and acquisitions, fixed income and other investment banking related business experience). The identification of the above time should be based on the formal employment time, informal employment, such as * * *, internship, etc. , shall not be counted;
3, has obtained the qualification of securities practitioners (that is, through the securities practitioners qualification examination basic subjects and at least one professional subject).
The examination subjects are the comprehensive examination of securities knowledge and the professional examination of investment banking. The examination time for each subject is 180 minutes. The total score of each subject is 100, the passing line of the exam is 120, and the single subject is not less than 50.
8. If you are engaged in investment banking in the investment banking department of a bank, are you eligible to apply for the sponsor representative exam?
Those who are engaged in investment banking in the investment banking department of a bank are eligible to apply for the sponsor representative examination.
But the following three conditions must be met:
1. Formal staff engaged in securities issuance and underwriting, mergers and acquisitions, fixed income and other investment banking-related businesses in securities companies;
2, engaged in securities underwriting, mergers and acquisitions, fixed income and other investment banking related business for more than two years (including securities companies, law firms, accounting firms, asset appraisal institutions engaged in securities underwriting, mergers and acquisitions, fixed income and other investment banking related business experience). The identification of the above time should be based on the formal employment time, informal employment, such as * * *, internship, etc. , shall not be counted;
3, has obtained the qualification of securities practitioners (that is, through the securities practitioners qualification examination basic subjects and at least one professional subject).
9. Conditions for registration of promoters
Chapter II Registration of Sponsors and Sponsor Representatives
Article 8 Securities institutions and individuals registered by the China Securities Regulatory Commission and listed in the List of Sponsors and Sponsor Representatives (hereinafter referred to as the List) may engage in sponsorship work in accordance with the provisions of these Measures. No institution or individual may engage in sponsorship without being registered as a sponsor institution or sponsor representative by the China Securities Regulatory Commission and being included in the list.
Article 9 Where a securities institution applies for registration as a sponsor, it shall be a comprehensive securities company, and shall submit a statement and commitment to the China Securities Regulatory Commission to voluntarily perform its sponsorship duties.
Article 10 A securities operating institution shall not be registered as a sponsor institution under any of the following circumstances:
(1) There are less than two sponsors;
(2) There are major defects in the corporate governance structure, and the risk control system is not perfect or has not been effectively implemented;
(3) It has been removed from the list by the China Securities Regulatory Commission for violating laws and regulations in the last 24 months;
(4) Other circumstances stipulated by the China Securities Regulatory Commission.
Article 11 An individual who applies for registration as a sponsor representative shall have the qualification of securities practice, obtain a practice certificate and meet the following conditions, and apply to the China Securities Regulatory Commission through his sponsor institution, and submit relevant supporting documents and statements:
(1) Having investment banking experience as stipulated by the China Securities Regulatory Commission;
(two) to participate in the qualification examination of the sponsor representative recognized by the China Securities Regulatory Commission and pass the examination;
(3) Letter of recommendation issued by the recommendation institution and signed by the chairman or general manager;
(four) there is no large amount of outstanding debts due;
(five) in the last 36 months, it has not been removed from the China Securities Regulatory Commission or given administrative punishment by the China Securities Regulatory Commission for illegal acts;
(6) Other requirements stipulated by the China Securities Regulatory Commission.
(Related articles: 2 departmental regulations, 3 times)
Article 12 Securities institutions and individuals shall ensure that the registration application documents are true, accurate and complete. During the application period, if the contents of the documents change significantly, the updated materials shall be submitted to the China Securities Regulatory Commission within five working days from the date of change.
Thirteenth China Securities Regulatory Commission shall, within twenty working days from the date of accepting the application for registration, register those who meet the requirements, put them on the list and announce them to the public; Those who do not meet the requirements shall not be registered, and the reasons for not being registered shall be informed in writing.
Article 14 A sponsor institution shall, within one month from the date when the sponsor institution or sponsor representative last registered or filed for twelve months, submit the annual filing form and relevant materials to the China Securities Regulatory Commission to update the registered contents.
Article 15 In case of any major change in the registered contents of the sponsor institution or sponsor representative, the sponsor institution shall report to the China Securities Regulatory Commission within five working days from the date of change.
Article 16 Where a sponsor meets the circumstances specified in Article 10 of these Measures, the China Securities Regulatory Commission will remove the sponsor and its sponsor representative.
Article 17 In any of the following circumstances, the China Securities Regulatory Commission will remove the sponsor representative:
(a) the practice certificate has been cancelled or revoked;
(two) do not have the investment banking experience stipulated by the China Securities Regulatory Commission;
(3) The recommendation letter is withdrawn by the recommendation institution;
(4) Transferred from the sponsor institution or its investment banking department;
(5) Debt with a relatively large amount due and unpaid;
(six) administrative punishment by the China Securities Regulatory Commission for violating laws and regulations, or being sentenced to punishment for crimes;
(seven) other circumstances stipulated by the China Securities Regulatory Commission.
(Related articles: departmental regulations 1 article 1 time)
Article 18 If the removed sponsor representative meets the registration requirements, he may re-apply for registration as a sponsor representative. If it has been more than six months since the date of dismissal, it shall re-take the competency examination of the sponsor representative.