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SFC To Improve Rules And Regulations Preferred Stock Or Large-Scale Start
"P > < a href=" http://www.91se91.com/news/index_c.asp "> SFC" /a "press spokesman Deng Ge said yesterday that the SFC amended 9 regulatory documents such as the guidelines for the listing of companies. The revised annual report guidelines and semi annual guidelines have respectively added a section < a href= "http://www.91se91.com/news/index_c.asp" > preferred shares < /a >. < /p >
< p > Deng Ge said that in order to cooperate with the pilot opinions on preferred stock and the opinions of the general office of the State Council on Further Strengthening the protection of small and medium investors in the capital market, and in line with the implementation of the SFC preferred stock pilot scheme, the Commission recently issued 9 normative documents, such as the guidelines for the listing companies' articles of association, the rules of the shareholders' meeting of listed companies, the annual report guidelines for the disclosure of information disclosure of securities companies, the semi annual reporting standards of listed companies, the quarterly rules and the reports on changes in rights and interests. < /p >
< < p > > the 9 < a href= "http://www.91se91.com/news/index_c.asp" > the < < /a > > regulations of the Commission amended the shareholders' types and perfect the rules of merger and reorganization. The revised annual report guidelines and semi annual guidelines have added a section of preferred stock. < /p >
< p > main contents include: first, clarify the rights of preferred shareholders and refine the mechanism of shareholders' exercising power; this revision sets the requirements for the distribution of preference shares in terms of profit distribution, and the second is to define the rights and interests of shareholders of preferred stock. Third, in order to facilitate shareholders to participate in the decision of preferred stock, the revised guidelines require that listed companies should provide online voting at the shareholders' meeting. < /p >
< p > Deng Ge said that this revision, the issuance of preferred shares as a means of payment and merger and reorganization, has made the improvement of the M & a rules. First, it explicitly calculated the changes in the stockholders' rights and interests of listed companies, excluding the preferred shares that did not recover from shareholders' rights. Two, there were clear instructions for the preferred stock when triggering the preferential tender offer; three, the supporting documents supplemented the requirements for information disclosure of the listed companies' purchase of assets, and four was other amendments. In addition to the above amendments, compared with the listed companies' Supervisory Guidelines No. three, the revised guidelines require the listed companies to clarify the cash dividend policy. < /p >
< < p > to guide and standardize listed companies to make full use of the preferred stock system to innovate and safeguard the legitimate rights and interests of small and medium-sized investors. Recently, the SFC has revised 9 normative documents such as the guidelines for the listing of companies. < /p >
< p > this amendment has defined the rights of preferred shareholders and refined the mechanism of shareholders' exercising power. On the one hand, it is stipulated in the articles of Association guidelines and general assembly rules that under normal circumstances, preferred shareholders do not attend meetings of shareholders' meetings, and their shares do not have the right to vote. On the other hand, the two documents stipulate that the shareholders of the preferred stock have the right to vote in the deliberations of some important matters, while simultaneously refining procedural requirements. < /p >
< p > at the same time, in order to ensure that the preferred shareholders can effectively protect their rights when they are not paid dividends, the guidelines of the articles of association require the company Zhang Chengzhong to make clear that when the company has accumulated 3 accounting years or 2 consecutive accounting years, the preferred shareholders can resume voting rights until the company pays the dividends in full in accordance with the articles of association. < /p >
< p > Deng Ge said that in order to cooperate with the pilot opinions on preferred stock and the opinions of the general office of the State Council on Further Strengthening the protection of small and medium investors in the capital market, and in line with the implementation of the SFC preferred stock pilot scheme, the Commission recently issued 9 normative documents, such as the guidelines for the listing companies' articles of association, the rules of the shareholders' meeting of listed companies, the annual report guidelines for the disclosure of information disclosure of securities companies, the semi annual reporting standards of listed companies, the quarterly rules and the reports on changes in rights and interests. < /p >
< < p > > the 9 < a href= "http://www.91se91.com/news/index_c.asp" > the < < /a > > regulations of the Commission amended the shareholders' types and perfect the rules of merger and reorganization. The revised annual report guidelines and semi annual guidelines have added a section of preferred stock. < /p >
< p > main contents include: first, clarify the rights of preferred shareholders and refine the mechanism of shareholders' exercising power; this revision sets the requirements for the distribution of preference shares in terms of profit distribution, and the second is to define the rights and interests of shareholders of preferred stock. Third, in order to facilitate shareholders to participate in the decision of preferred stock, the revised guidelines require that listed companies should provide online voting at the shareholders' meeting. < /p >
< p > Deng Ge said that this revision, the issuance of preferred shares as a means of payment and merger and reorganization, has made the improvement of the M & a rules. First, it explicitly calculated the changes in the stockholders' rights and interests of listed companies, excluding the preferred shares that did not recover from shareholders' rights. Two, there were clear instructions for the preferred stock when triggering the preferential tender offer; three, the supporting documents supplemented the requirements for information disclosure of the listed companies' purchase of assets, and four was other amendments. In addition to the above amendments, compared with the listed companies' Supervisory Guidelines No. three, the revised guidelines require the listed companies to clarify the cash dividend policy. < /p >
< < p > to guide and standardize listed companies to make full use of the preferred stock system to innovate and safeguard the legitimate rights and interests of small and medium-sized investors. Recently, the SFC has revised 9 normative documents such as the guidelines for the listing of companies. < /p >
< p > this amendment has defined the rights of preferred shareholders and refined the mechanism of shareholders' exercising power. On the one hand, it is stipulated in the articles of Association guidelines and general assembly rules that under normal circumstances, preferred shareholders do not attend meetings of shareholders' meetings, and their shares do not have the right to vote. On the other hand, the two documents stipulate that the shareholders of the preferred stock have the right to vote in the deliberations of some important matters, while simultaneously refining procedural requirements. < /p >
< p > at the same time, in order to ensure that the preferred shareholders can effectively protect their rights when they are not paid dividends, the guidelines of the articles of association require the company Zhang Chengzhong to make clear that when the company has accumulated 3 accounting years or 2 consecutive accounting years, the preferred shareholders can resume voting rights until the company pays the dividends in full in accordance with the articles of association. < /p >
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2014/6/20 16:04:00
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