This topic examines the relevant provisions of administrative reorganization in the Measures for Risk Disposal of Securities Companies. Securities companies should apply to the China Securities Regulatory Commission for administrative restructuring. In the process of suspension of business for rectification, custody and takeover, a securities company can also apply to the CSRC for administrative reorganization if it meets the normal operating conditions. After a securities company suspends business for rectification, custody, takeover or administrative reorganization, if it fails to meet the normal operating conditions within the prescribed time limit, but can pay off the debts due, the the State Council securities regulatory authority shall revoke its securities business license according to law. The time limit for administrative reorganization generally does not exceed 12 months. 12 months later, if the administrative reorganization has not been completed, it may apply to the the State Council securities regulatory authority for an extension of 6 months.