信息披露管理办法（三）

《信息披露管理办法（三）》由会员分享，可在线阅读，更多相关《信息披露管理办法（三）（44页珍藏版）》请在装配图网上搜索。

1、书山有路勤为径，学海无涯苦作舟。信息披露管理办法 administrativemeasuresoninformationdisclosurebylistedcompanieschinasecuritiesregulatorycommissionorderno.40 30january2021 chapter1-generalprinciples article1thesemeasuresareformulatedpursuanttotheprovisionsofthecompanylaw，thesecuritieslawandotherrelevantlawsandadministrative

2、regulationsforthepurposesofstandardisinginformationdisclosurebyissuers，listedcompaniesandotherinformationdisclosureobligors，strengtheningadministrationoverinformationdisclosuremattersandprotectingthelawfulrightsandinterestsofinvestors. article2informationdisclosuremadebyobligorsshallbetruthful，accur

3、ate，completeandtimely，andtheinformationdisclosedshallnotcontainanyfalsehood，misleadingstatementormajoromission. informationdisclosuremadetoallinvestorsbyobligorsshallbepublicandsimultaneous. wherealistedcompanyissuessecuritiesandderivativesinthechinaoroverseasstockmarkets，theinformationdisclosuremad

4、einanoverseasstockmarketmustsimultaneouslybemadeinthechinastockmarket. article3thedirectors，supervisorsandseniormanagementpersonnelofissuersandlistedcompaniesshallperformtheirdutiesfaithfullyanddiligently，andensuretheveracity，accuracy，completeness，timelinessandimpartialityoftheinformationdisclosed.

5、article4nopersonwithknowledgeofinsideinformationshall，priortoalawfuldisclosureofinsideinformation，makepublicordisclosesuchinformationorconductinsidertradingwithsuchinformation. article5informationdisclosuredocumentsmainlyincludetheprospectus，listingmemorandum，listingannouncement，regularreportsandint

6、erimreports. article6listedcompaniesandotherinformationdisclosureobligorsshallsubmitthedraftpublicannouncementandtherelevantdocumentsforinspectiontothestockexchangeforregistrationwhenmakinginformationdisclosurepursuanttolaw，andmaketheannouncementonmediadesignatedbythechinasecuritiesregulatorycommiss

7、ion（hereinafterreferredtoasthe”csrc”）. thetimingoftheinformationannouncedonthecorporatewebsiteandothermediabyaninformationdisclosureobligorshallnotprecedetheannouncementofsuchinformationinthedesignatedmedia;thereportingandpublicannouncementdutiesmaynotbeintheformofapressconferenceorreplytoquestionsp

8、osedbyreportersorinanyotherform;andthedutytomakeinterimreportsmaynotbesubstitutedwitharegularreport. article7informationdisclosureobligorsshallsubmitthedraftpublicannouncementandtherelevantdocumentsforinspectiontothesecuritiesregulatorybureauattheplaceofregistrationofthelistedcompany，andmakecopiesof

9、thesameavailableatthecompanyaddressforinspectionbymembersofthepublic. article8informationdisclosuredocumentsshallbewrittenintext.whereaninformationdisclosuredocumentisalsowritteninaforeigntext，theinformationdisclosureobligorshallensuretheconsistencyofthecontentsinbothversions.whereanyinconsistencyar

10、isesbetweenthetwoversions，thetextshallprevail. article9thecsrcshallsuperviseandinspectinformationdisclosuredocuments，publicannouncementsandthemanagementofinformationdisclosurematterspursuanttolaw;andsuperviseandinspecttheconductofcontrollingshareholders，actualcontrollingpartiesandinformationdisclosu

11、reobligorsoflistedcompanies. thestockexchangeshallsuperviseandinspecttheinformationdisclosureactivitiesoflistedcompaniesandotherinformationdisclosureobligorsandurgethemtomaketimelyandaccurateinformationdisclosurepursuanttothelaw;andimplementreal-timemonitoringofsecuritiesandderivativestransactions.t

12、helistingrulesandotherinformationdisclosurerulesformulatedbythestockexchangemustbesubmittedtothecsrcforapproval. article10thecsrcmaymakespecialprovisionsforinformationdisclosurebylistedcompaniesinthefinancial，realestateandotherspecialindustries.chapter2-prospectus listing memorandum and listingannou

13、ncement article11prospectusespreparedbyissuersshallcomplywiththerelevantprovisionsofthecsrc.anyinformationwhichmaysignificantlyaffecttheinvestmentdecisionofaninvestormustbedisclosedintheprospectus. theissuershall，uponapprovalofthesecuritiespublicofferingapplicationbythecsrc，makeapublicannouncementof

14、theprospectuspriortothesecuritiesoffering. article12thedirectors，supervisorsandseniormanagementpersonnelofanissuershallsignandendorsetheprospectusandensuretheveracity，accuracyandcompletenessofinformationdisclosedtherein. theprospectusshallhavethecompanysealoftheissueraffixed. article13whereanissuera

15、ppliesforinitialpublicoffering，theissuershall，uponacceptanceoftheapplicationdocumentsbythecsrcbutpriorexaminationbytheofferingreviewcommittee，discloseadraftdeclarationoftheprospectusonthecsrcwebsiteinadvance. thedraftdeclarationoftheprospectusdisclosedinadvanceisnotaformaldocumentforissuanceofshares

16、bytheissuerandshallnotincludeanypricinginformation;andtheissuershallnotissuesharesbasedonthedraftdeclarationoftheprospectus. article14whereanimportantmatteroccursduringtheperiodafterthecsrcapprovestheissuanceofsecuritiesapplicationbutbeforeissuanceiscomplete，theissuershallsubmitawrittenexplanationto

17、thecsrc;andarevisedprospectusoracorrespondingsupplementarypublicannouncementmustbemadeupontheconsentofthecsrc. article15whereanapplicationisforalistingofsecurities，alistingannouncementshallbeformulatedpursuanttotheprovisionsofthestockexchangeandapublicannouncementmustbemadeuponexaminationandapproval

18、bythestockexchange. thedirectors，supervisorsandseniormanagementpersonneloftheissuershallsignandendorsethelistingannouncementandensuretheveracity，accuracyandcompletenessoftheinformationdisclosedtherein. thelistingannouncementshallhavethecompanysealoftheissueraffixed. article16whereaprospectusorlistin

19、gannouncementquotestheexpertopinionorreportofthesponsororasecuritiesservicesorganisation，therelevantcontentsmustbeconsistentwiththecontentsofthedocumentissuedbythesponsororsecuritiesservicesorganisation;andtheissuershallensurethatthequotedopinionofthesponsororsecuritiesservicesorganisationisnotmisle

20、ading. article17theprovisionsofarticle11toarticle16onprospectusesshallapplytolistingmemorandumsforcorporatebonds. article18alistedcompanyshall，uponmakingaprivateissuanceofnewshares，discloseareportonthecircumstancesofissuancepursuanttolaw. chapter3-regularreports article19regularreportstobepublishedb

21、yalistedcompanyshallincludeannualreports，half-yearlyreportsandquarterlyreports.anyinformationwhichmaysignificantlyaffecttheinvestmentdecisionofaninvestormustbedisclosedtherein. thefinancialaccountingreportintheannualreportmustbeauditedbyanaccountingfirmqualifiedtoauditsecuritiesandfuturesbusinessact

22、ivities. article20theannualreportmustbepreparedandpublishedwithinfourmonthsaftertheendofeachaccountingyear;thehalf-yearlyreportmustbepreparedandpublishedwithintwomonthsaftertheendofthefirsthalfofeachaccountingyear;andthequarterlyreportshallbepreparedandpublishedwithinonemonthaftertheendofeachaccount

23、ingyearsthirdandninthmonths. thetimeofpublicationofthefirstquarterlyreportshallnotbeearlierthanthetimeofpublicationoftheannualreportfortheprecedingyear. article21anannualreportshallcontainthefollowingcontents： （1）basicinformationofthecompany; （2）keyaccountingdataandfinancialindices; （3）informationon

24、sharesandbondsissuedbythecompanyandthechangesthereto;thetotalnumberofsharesandbondsandshareholdersattheendofthereportingperiod;andinformationontheshareholdingheldbythetenlargestshareholdersofthecompany; （4）informationonshareholdersholding5%ormoreoftheshares，controllingshareholdersandactualcontrollin

25、gparties; （5）informationontheappointmentofdirectors，supervisorsandseniormanagementpersonnel，theirchangesinshareholdingandtheirannualremuneration; （6）theboardofdirectorsreport; （7）thediscussionsandanalysesofthemanagement; （8）significanteventsthatoccurredduringthereportingperiodandtheireffectonthecomp

26、any; （9）thefinancialaccountingreportandauditreportinfulltext;and （10）anyothermatterstipulatedbythecsrc. article22ahalf-yearlyreportshallcontainthefollowingcontents： （1）basicinformationofthecompany; （2）keyaccountingdataandfinancialindices; （3）informationonsharesandbondsissuedbythecompanyandthechanges

27、thereto;thetotalnumberofshareholders;theinformationontheshareholdingheldbythetenlargestshareholdersofthecompany;andthechangestothecontrollingshareholdersandactualcontrollingpartiesofthecompany; （4）thediscussionsandanalysesofthemanagement; （5）themajormattersinlitigationorarbitrationandothersignifican

28、teventsthatoccurredduringthereportingperiodandtheireffectonthecompany; （6）thefinancialaccountingreport;and （7）anyothermatterstipulatedbythecsrc. article23aquarterlyreportshallcontainthefollowingcontents： （1）basicinformationofthecompany; （2）keyaccountingdataandfinancialindices;and （3）anyothermatterst

29、ipulatedbythecsrc. article24thedirectorsandseniormanagementpersonnelofacompanyshallsignandendorseregularreports;andtheboardofsupervisorsshallissueawrittenreviewopinionthatsetsoutwhetherthepreparationandreviewproceduresoftheboardofdirectorscomplywiththelawsandregulationsandtheprovisionsofthecsrcandwh

30、etherthecontentsofthereportareatrue，accurateandcompletereflectionoftheactualstatusofthelistedcompany. wherethedirectors，supervisorsandseniormanagementpersonnelareunabletoensuretheveracity，accuracyandcompletenessofaregularreportordifferingviewsareheld，theirreasonsandopinionsshallbestatedanddisclosed.

31、 article25wherealistedcompanyforeseesalossoranymajorchangetoitsoperatingresults，atimelybusinessresultforecastmustbemade. article26wherebusinessresultsareleakedbeforedisclosureintheregularreportorwhererumoursonbusinessresultsandunusualfluctuationsinthecompanyssecuritiesandderivativestransactionsexist

32、，thelistedcompanymusttimelydisclosetherelevantfinancialdataforthecurrentreportingperiod. article27whereaqualifiedauditreportisissuedinrespectofthefinancialaccountingreportinaregularreport，theboardofdirectorsofthecompanyshallprovideaspecialexplanationonthematterstowhichtheauditopinionrelates. whereaq

33、ualifiedauditreportisissuedinrespectofthefinancialaccountingreportinaregularreportandthestockexchangebelievesanillegalityexists，thestockexchangeshallrequestthecsrctoopenacasefileforinvestigation. article28wherealistedcompanyfailstopublishanannualreportorahalf-yearlyreportwithinthestipulatedperiod，th

34、ecsrcshallimmediatelyopenacasefileandconductinvestigation，andthestockexchangeshallhandlethecasepursuanttothelistingrulesforshares. article29thetemplatesandpreparationrulesforannualreports，half-yearlyreportsandquarterlyreportsshallbeformulatedbythecsrcseparately. chapter4-interimreports article30wher

35、etheoccurrenceofasignificanteventislikelytohavearelativelylargeeffectonthetradingpricesofacompanyssecuritiesandderivatives，andtheinvestorshaveyettobeinformed，thelistedcompanyshalltimelymakeadisclosure;andstatethecause，thecurrentstatusandthelikelyeffectoftheevent. asignificanteventreferredinthepreced

36、ingparagraphshallinclude： （1）asignificantchangeinthebusinessdirectionandscopeofbusinessofthecompany; （2）asignificantpropertyinvestmentoracquisitiondecisionmadebythecompany; （3）amajorcontractconcludedbythecompanythatmaysignificantlyaffecttheassets，liabilities，rightsandinterestsandbusinessresultsofthe

37、company; （4）asignificantdebtincurredbythecompanyforliabilityindefaultorliabilityforcompensationandtheinabilitytopayoffthesignificantamountofdebtincurredthatisdueandowing; （5）aheavyfinancialdeficitorlosssufferedbythecompany; （6）asignificantchangetotheexternalconditionsofproductionbusinessoperationsof

38、thecompany; （7）achangeinthedirectors，one-thirdormoreofthesupervisorsormanagers;orthechairmanormanagersinabilitytoperformtheirduties; （8）asubstantialchangetotheshareholdersholding5%ormoreofthecompanysshares，thecompanysdefactocontrollersorthecontrolofthecompany; （9）acapitalreduction，merger，division，di

39、ssolutionorbankruptcyapplicationdecisionofthecompany;orthecommencementofbankruptcyproceedingsbythecompanyortheorderforclosureofthecompanypursuanttolaw; （10）arevocationorinvaliditydeclarationpursuanttolawofaresolutionpassedbytheboardofdirectorsorageneralmeetingforamajorcompanymatterinlitigationorarbi

40、tration; （11）aninvestigationofthecompanybytherelevantauthoritiesforanallegedviolationoflaworregulation，ortheimpositionofacriminalpenaltyorsevereadministrativepenaltyonthecompany;oraninvestigationofanyofthecompanysdirectors，supervisorsorseniormanagementpersonnelbytherelevantauthoritiesforanallegedvio

41、lationoflaworregulation，ortheimpositionofanenforcementmeasure; （12）newlypromulgatedlaws，rules，regulationsorindustrypoliciesthatmaysignificantlyaffectthecompany; （13）relevantresolutionsontheissuanceofnewshares，anyotherrefinancingschemeorshareoptionschemepassedbytheboardofdirectors; （14）arulingbytheco

42、urtontheprohibitionoftransferofsharesheldbyacontrollingshareholder;orwherethesharesofanyshareholderwith5%ormoreofthecompanysshareshavebeenpledged，frozen，putintojudicialauctionorreceivership，placedunderatrust，orthevotingrightsofsuchshareshavebeenrestrictedpursuanttolaw; （15）aseal，seizure，freezing，mor

43、tgageorpledgeofthemainassets; （16）asuspensionofthemainorentirebusinessoperations; （17）asignificantguaranteeprovidedtoanexternalparty; （18）areceiptoflarge-sumgovernmentsubsidiesthatmayyieldextragains，andwhich，significantlyaffectstheassets，liabilities，rightsandinterestsorbusinessresultofthecompany; （1

44、9）achangeinaccountingpoliciesoraccountingestimates; （20）acorrectionorderedbytherelevantauthoritiesordecidedbytheboardofdirectors，forerrorsorfalseinformationdisclosedorafailuretodiscloseinapreviousperiod;and （21）anyothercircumstancestipulatedbythecsrc. article31alistedcompanyshallperform，thedutyofinf

45、ormationdisclosureofasignificantevent，assoonasanyofthefollowingcircumstancesarise： （1）whentheboardofdirectorsorboardofsupervisorspassaresolutiononthesignificantevent; （2）whentherelevantpartiesconcludealetterofintentoragreementinrespectofthesignificantevent;or （3）whenthedirectors，supervisorsorseniorm

46、anagementpersonnelbecomeawareandreportthesignificantevent. thelistedcompanyshalltimelydisclosethestatusofallrelevantmattersandriskfactorswhichmayaffectthedevelopmentofthesignificanteventwhereanyofthefollowingcircumstancesoccurbeforetheeventsmentionedintheprecedingparagraph： （1）keepingthesignificante

47、ventconfidentialisdifficult; （2）thesignificanteventhasbeendivulgedorarumourtheretosurfacesinthemarket;or （3）tradingactivityinthesecuritiesandderivativesofthecompanyisunusual. article32wherethelistedcompanyhasdisclosedasignificanteventandthedisclosuremaydeveloporchangethetradingpricesofalistedcompany

48、ssecuritiesandderivativessubstantially，thedevelopmentorchangeandthelikelyeffectmustbedisclosedtimely. article33whereasignificanteventasmentionedunderarticle30，occurringtoasubsidiarycontrolledbyalistedcompany，maysubstantiallyaffectthetradingpricesofthelistedcompanyssecuritiesandderivatives，thelistedc

49、ompanyshallhaveadutytodisclosetheinformation. whereasignificanteventoccurringtoajointstockcompanyofalistedcompanymaysubstantiallyaffectthetradingpricesofthelistedcompanyssecuritiesandderivatives，thelistedcompanyshallhaveadutytodisclosetheinformation. article34whereanyacquisition，merger，division，issu

50、anceofshares，sharebuybackorotherconductinvolvingalistedcompanymayresultinasignificantchangetothetotalsharecapital，shareholdersordefactocontrollersofthelistedcompany，theinformationdisclosureobligorsshallperformreportingandannouncementobligationsanddisclosethechangesinrightsandinterestspursuanttolaw.

51、article35alistedcompanyshallmonitoranyunusualtradingactivityinthesecuritiesandderivativesofthecompanyandmediareportsonthecompany. whereanyunusualsecuritiesandderivativestradingactivityormedianewsmaysignificantlyaffecttradingofthecompanyssecuritiesandderivatives，thelistedcompanyshalltimelygatherthefa

52、ctsfromtherelevantpartiesandmakewrittenquerieswherenecessary. thecontrollingshareholders，defactocontrollersofthelistedcompanyandotherpersonsactinginconcertshalltimelyandaccuratelynotifythelistedcompanyofanyproposedequitytransfer，assetsrestructuringorothersignificantevent，andcooperatewiththelistedcom

53、panyinmakingproperinformationdisclosure. article36wherethecsrcorthestockexchangedeemsthetradingofanysecuritiesandderivativesofacompanyasunusual，thelistedcompanyshalltimelyassessthefactorswhichcausedsuchunusualsecuritiesandderivativestransactionsandmakeatimelydisclosure. chapter5-administrationofinfo

54、rmationdisclosurematters article37listedcompaniesshallformulateasystemofmanaginginformationdisclosurematters.thesystemofmanaginginformationdisclosuremattersshallinclude： （1）definingtheinformationtobedisclosedbythelistedcompanyanddeterminingthedisclosurestandards; （2）theproceduresforthetransmission，r

55、eviewanddisclosureofinformationthathasyettobemadepublic; （3）thedutiesoftheinformationdisclosuredepartmentanditsperson-in-chargeofinformationdisclosure; （4）thereporting，reviewanddisclosuredutiesofthedirectors，boardofdirectors，supervisors，boardofsupervisorsandseniormanagementpersonnel; （5）thesystemofr

56、ecordingandmaintainingrecordsofthedutiesperformedbythedirectors，supervisorsandseniormanagementpersonnel; （6）themeasuresformaintainingtheconfidentialundisclosedinformation，andthescopeanddutiesofconfidenceofinsiderswithconfidentialinformation; （7）theinternalsystemsofcontrolandsupervisionoverfinancialm

57、anagementandaccountingfunctions; （8）theproceduresfortheapplication，examinationandreleaseofinformationtoexternalparties;andthemodesofcommunicationwithinvestors，securitiesservicesorganisationsandthemedia; （9）thesystemofarchivingdocumentsandmaterialsrelevanttoinformationdisclosure; （10）thesystemsofmana

58、gingandreportinginformationdisclosuremattersinvolvingsubsidiaries;and （11）thesystemofaccountingforinformationdisclosurefailurespursuanttotheprovisionsandtheactionstobetakenagainstpersonnelwhoviolatetheprovisions. thelistedcompanyssystemofmanaginginformationdisclosuremattersshallbereviewedandadoptedb

59、ytheboardofdirectors，andfiledforrecordswiththesecuritiesregulatoryauthoritiesattheplaceofregistrationandthestockexchange. article38thedirectors，supervisorsandseniormanagementpersonnelofalistedcompanyshall，bediligentandresponsible，monitorthepreparationofinformationdisclosuredocuments，ensuretimelydisc

60、losureofregularreportsandinterimreportswithinthestipulatedperiods，cooperatewiththelistedcompanyandotherinformationdisclosureobligorsintheirperformanceofinformationdisclosureobligations. article39alistedcompanyshallformulatethepreparation，reviewanddisclosureproceduresforregularreports.themanagers，per

61、son-in-chargeoffinance，secretarytotheboardofdirectorsandotherseniormanagementpersonnelshalltimelypreparedraftsoftheregularreportsforreviewbytheboardofdirectors;thesecretarytotheboardofdirectorsshallberesponsiblefordeliveringthedraftstothedirectorsforreview;thechairmanshallberesponsibleforconveningan

62、dchairingaboardofdirectorsmeetingtoreviewaregularreport;theboardofsupervisorsshallberesponsibleforreviewingregularreportspreparedbytheboardofdirectors;thesecretarytotheboardofdirectorsshallberesponsiblefororganisingthedisclosureofregularreports. article40alistedcompanyshallformulatethereporting，tran

63、smission，reviewanddisclosureproceduresforsignificantevents.whenthedirectors，supervisorsandseniormanagementpersonnelbecomeawareofasignificantevent，theyshallimmediatelyperformreportingobligationspursuanttotheprovisionsofthecompany;uponreceiptofthereport，thechairmanshallbrieftheboardofdirectorsimmediat

64、elyandurgethesecretarytotheboardofdirectorstoorganisedisclosureoftheinterimreport. article41alistedcompanymaycommunicateitsbusinessresult，financialstatusoranyothermatterwithanyorganisationorindividualthrough，aresultspresentation，analystsmeeting，roadshow，investorparticipationinresearchandinvestigationoranyothermethodbutnoinsiderinformationmustbeprovided. article42directorsmustunderstandandmonitor，thecompanysbusinessoperationresul