Insurance on behalf of qualifications "approved" system approval End? | Approved | Commission
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To the Chief of surging wave struck,cappelli new york.
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November 24,scarpe hogan originali, the Chinese government network news shows, the State Council decided to cancel a number of administrative approval items and adjustments. In this country prefix file associated with the Commission approval of the project a total of 10, covering the QFII custodian qualifications futures companies to change the appropriate information, the reorganization of administrative examination and approval brokerage, foreign securities institutions in China, chief qualifications,parajumpers harraseeket jacka, sponsor qualifications, 5 major aspects related to refinancing business.
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Mainly to simplify the administrative examination and approval of the Commission, after the abolition of examination and approval, will be put under each relevant business associations, exchanges and other subordinate units execute the SFC, will help to enhance the processing efficiency. A large brokerage firms have told Beijing 21st Century Business Herald reporter pointed out that some of the issues mentioned in the above documents, the Commission has canceled the approval level.
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Above 10 is canceled approval of the project, the sponsor eligibility review cancel access class is undoubtedly the most market attention. That news caused a heated industry discussion, the focus is on the future direction of the reform of the sponsor system.
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This is not the end of the insurance on behalf of the system, but the registration system under the background, the supervision of the regulators on behalf of insurance prior approval by a further shift to adjust things in hindsight, accelerated efficiency; on the other side, to reduce barriers to entry, it will help to protect generations the introduction of the new force, completely breaking the monopoly of the few dividends, accelerate the industry structure remodeling. A senior investment banker, who pointed out to reporters.
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Administrative go?
It is noteworthy that, as early as October 2012, the State Council decided to cancel the sixth installment and adjustment of administrative examination and approval projects already registered will sponsor representative of the Commission administrative licensing items canceled. Subsequent October 15, 2012, the Securities Industry Association issued a notice explicitly sponsor representative registration and change registration agencies practicing self-regulation by the Securities Association conducted.
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This means that the sponsor representative related work has been unified by the Commission to change the level of the Securities Association conducted self-regulation. Including the organization of the sponsor representative competency examination,louboutin pas cher, for the sponsor representative registration, sponsor representative for the daily management.
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Thus, for today the State Department once again below, to cancel the sponsor eligibility audit access to the SFC type,adidas samoa femme, the meaning behind the investment banking sector also triggered discussions in succession.
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One view is that access to audit classes canceled,hogan outlet 2015, or further decline means that barriers to entry, the future of the respective qualifying examination, the applicant will have to further reduce the threshold.
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It is noteworthy that, although the sponsor of the monitoring unit by the Commission to the gradual decentralization of the Association, but the sponsor has not fixed target changes. According to the "Securities Issuance and Listing Sponsor business management approach" to apply for insurance on behalf of individual qualifications should be met: the sponsor more than three years experience, within three years, served as co-project,louboutin femme prix, through the insurance on behalf of the qualifying examination, the Commission has not received administrative punishment four conditions.
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However, the sponsor has actually decreased barriers to entry, which is reflected in two aspects, one becomes practitioners from the qualifying examination Examination: test subjects merger, the original two test subjects (knowledge comprehensive examination of securities and investment banking professional examination) is adjusted to a test subject, the name of the investment banking exam; exam time was changed to 3-4 times a year, two years and single subject results valid.
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On the other hand we believe that lowering the threshold to apply. Previously, the insurance on behalf of exam stringent conditions apply reduced from candidates who shall be the investment bank-related business, and meet two years of work experience,swarovski lunette de soleil, career reduced to simply complete registration job securities practitioners can participate.
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Another view was canceled end is not behind the sponsor system, but regulators further decentralization, market-oriented manner and Registration System standards.
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For the industry sponsor disqualification understanding is a certain bias, the sponsor canceled insurance on behalf of qualification is not the end of the examination and approval system, the Commission is in fact no longer sponsor qualification for approval of administrative style, replaced by the Securities Association of further self-discipline management, with almost CPA regulation, no longer need the approval of the SFC approval only. Said analyzer Southwest Region brokerage investment bank, told reporters.
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In his view, although the previous registration record, organize examinations competence has been delegated to the Securities Industry Association, the Commission continues to sponsor the practice of regulation, including the illegal events finds punishment. But the future, all regulatory mandate will be further delegated to the Association.
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SUBSCRIPTION foreshadowing
Although the system does not cancel the insurance on behalf of, but with the deepening of the reform of the IPO, the project has experienced smaller cake,?louboutin femme, homing duties, after a few people break the pattern of dividend, on behalf of the insurance industry is facing a new round of reshuffle.
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In fact, since 2013 IPO suspended IPO ice age has dramatically changed the ecological environment security on behalf of, since the hands too will the project is reduced, insurance on behalf of income dropped significantly, in addition due to the regulators in the IPO reform process, to further strengthen the responsibility of intermediaries, penalties, compensation mechanisms clearly major violations during the agency, to assume responsibility for security on behalf of also further strengthened.
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Beijing a brokerage for sure on behalf told reporters recently he was prepared to resign,louboutin paris, despite the adoption of insurance on behalf of the exam, the hands have a single signature IPO projects are lining up, but along IPO sprint team queue,chapeau ymcmb, which in the hands of project performance fell significantly, or difficult to pass the audit, low income, but also greatly enhance the risk, the person pointed out that emotion.
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On the other side, the access threshold for insurance on behalf of the industry are further reduced, golden rice bowl era minority dividend gone.
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In the aforementioned southwestern region cast a pedestrian opinion,hogan uomo outlet, behind the level of insurance on behalf of institutional change, in fact, for the implementation of the registration system foreshadowed after registration reform,occhiali da sole, accompanied by the expansion of the number of listed undoubtedly requires more market-oriented mechanism sponsor, which must to break the existing system of minority dividends pattern.
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In fact, more and more investment in pedestrian gradually recognized this change,acheter louboutin femme, starting this year, insurance on behalf of the exam and pay reforms down,?boire de la voir des photos, we have accepted the investment bank in the future do not rely on the reality of the qualification to eat, so now no one investment bank has illusion by a certificate of insurance on behalf of a million a year. Shenzhen, a brokerage investment bank,louboutin, told reporters.
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In the aforementioned investment bankers southwest opinion, whether the sponsor is to improve the approval rate, or the number of sponsors to accelerate access, are the industry resources to promote the restructuring, under the past few years on behalf of the insurance system, high barriers to entry,louboutin solde 2015, resulting in insurance on behalf of the scarcity of resources , top of the pyramid lucrative. But the next few years, the overall pattern will be more market-oriented and transparent,hogan rebel, the opportunity will be more equal.
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