Legal system of securities supervision in securities market supervision

Legal system of securities supervision: departmental rules, a series of documents issued by the state to regulate information disclosure, and administrative laws. Securities market laws and regulations are divided into three levels; The first level, law (end of law); The second level, administrative regulations (at the end of the regulations); The third level, departmental regulations (the end of measures or regulations). 1 July, 999 1 The Securities Law of China came into effect, and it came into effect after revision in 20061. The Company Law was implemented by 1994 and came into effect after being revised in 2006. The minimum registered capital of a limited liability company is reduced to 30,000 yuan, of which the investment company can pay it in full within 5 years. The monetary contribution shall not be less than 30%; A limited liability company shall set up a board of supervisors with no less than 3 members; The meeting of the board of supervisors of limited liability companies shall be held at least once a year, and the meeting of the board of supervisors of joint stock limited companies shall be held at least once every six months; There should be more than 1/3 independent directors in the board of directors of listed companies; If a listed company purchases or sells major assets within 1 year, or the guarantee exceeds 30% of the company's total assets, it shall make a resolution at the shareholders' meeting and be passed by more than 2/3 shareholders; Unrelated directors whose attendance at the board meeting exceeds 1/2; Listing conditions: The total share capital of the company is reduced to 30 million yuan. The Fund Act of 2004. 1997 criminal law, revised in 2006. Regulations on the Supervision and Administration of Securities Companies in 2008: Securities companies shall submit annual reports within 4 months from the end of each year; Submit monthly report within 7 working days after the end of each month; The total amount of non-monetary property contributed by shareholders of a securities company shall not exceed 30% of the registered capital of the securities company; Holding or actually controlling more than 5% of the equity of a securities company must be approved by the China Securities Regulatory Commission; A securities company shall have at least three senior managers who have served for two years; After the senior managers leave their posts, they shall conduct an audit within 2 months and report to the China Securities Regulatory Commission. In 2008, the Provisions on Risk Disposal of Securities Companies allowed the acquirer to increase its holdings by no more than 2% every year within 12 months after the completion of the acquisition; If the purchaser obtains 30% of the new shares issued by the listed company, he may apply to the regulatory authorities for exemption from the obligation to offer. (1) 20% of the transaction fee of the exchange; (2) 0.5%-5% of the operating income of the securities company; (3) freezing the purchase interest of funds; (four) to recover the income from the responsible person and the income from the bankruptcy liquidation of the securities company according to law; (5) donation; (6) Other lawful income. China Securities Investor Protection Fund Co., Ltd. was established in August 2005. Provisions on the prohibition of entry into the securities market in 2006: □ If the violation of laws and regulations is serious, the relevant responsible person shall be prohibited from entering the securities market for 3-5 years; Bad behavior, 5- 10 year ban measures; If the circumstances are particularly serious, a lifetime ban will be imposed.