Article 172 of the Securities Law stipulates that investment consulting institutions and credit rating agencies engaged in securities services shall collect service fees according to the standards or charging methods stipulated by the relevant competent authorities in the State Council.
Extended information Article 173 of the Securities Law stipulates that a securities service institution shall make and issue documents such as audit reports, asset evaluation reports, financial consultant reports, credit rating reports or legal opinions for securities business activities such as securities issuance, listing and trading, and shall be diligent and conscientious, and check the authenticity, accuracy and completeness of the documents and materials on which it is based.
If the documents produced and issued by it contain false records, misleading statements or major omissions, thus causing losses to others, it shall be jointly and severally liable for compensation with the issuer and the listed company, unless it can prove that it is innocent.
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