China's securities regulator steps up crackdown on insider trading

08:27, June 16, 2011      

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China's top securities regulator on Wednesday issued draft regulations on the registration of corporate insiders to step up crackdowns on insider trading.

In a statement posted on its website, the China Securities Regulatory Commission (CSRC) said the regulations aim to make clear the role of listed companies in having corporate insiders registered.

The regulations require registration by shareholders with a stake of more than 5 percent, shareholders with an indirect controlling stake, parties to mergers and acquisitions, brokerage firms and others with access to insider information.

The CSRC has been conducting a trial corporate insider registration management system in Shanghai, Shenzhen and the southeastern Fujian Province since 2008, according to the statement.

Source:Xinhua
 
 
     
 
 
 
     
 
 
 
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(Editor:刘晓宁)

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