Gem First Report Friday see

Source: Internet
Author: User
Keywords Gem draft administrative license Soochow Securities reporting materials
Bujian Gem of the first batch of declaration Friday see the July 27, this reporter called many to Beijing to declare the venture board project sponsor representatives learned that most of them have left Beijing to prepare due diligence papers, such as the next phase of the submission of materials.  The day has not reported to the enterprise, because the first date to declare the enterprise has no time sequence, it is necessary to report the enterprise will be in the first day to declare finished.  According to the figures provided by the SFC, July 26 on the first day of declaration, a total of 38 sponsoring agencies to declare 108 Enterprises GEM issue and listing applications.  According to the director of the SFC's relevant departments, declaration within 5th, that is, this Friday will make the decision whether to accept the first day of the declaration of the enterprise will face three kinds of results: first, the admission to the relevant departments for substantive audit, the second is required to supplement the certificate, 30 working days, the third is not in line with existing provisions, inadmissible. It is noteworthy that the quality of the declared material will directly determine whether it is admissible.  Prior to that, the SEC Vice Chairman Yao in the intermediary organizations of the training will be clear requirements, the declaration of materials to "quality and quantity", once found that the problem, it is necessary to "ensure good company as soon as possible to audit."  In other words, the first day of the declaration of material review will be strict, flawed or inadmissible.  This reporter at the reception site learned that there have been reports of defects in the case, an enterprise "issuer of the letter of introduction" date is 2007, the accepted personnel that "too not serious."  Three links of administrative license in fact, the declaration material is only a small link in the audit chain of the gem enterprise issuing, that is, the material receives, does not represent the SFC has accepted its application.  The relevant department in charge of the Securities and Futures Commission, the Administrative Licensing Commission for the acceptance of the project, from 2004 to implement a new system, that is, "administrative licensing and processing separation system."  Accept the Office is responsible for reception, the office by the Office, the Audit department together, its function is to receive the application materials, it is considered admissible, to the corresponding business unit review, trial.  Authoritative data show that at present, the SFC has a total of more than 50 administrative permits, including the distribution department, the listed department, the Department, the Fund, the Futures Department, the International Department, the accounting department, and the recently established GEM issue Audit Office.  According to the administrative licensing process, an administrative license is divided into three pieces: Accept, review and decide. "Admissibility is the licensor to apply to the SFC, the SFC received, the document is complete to meet the requirements, to enter the substantive trial, to comply with the conditions of the securities law, meet the specific conditions of an administrative license, qualitative and quantitative conditions are met, make a license decision, issued business license."  The official said.  In addition, for some more complex products or projects, such as IPOs, additional, corporate debt, reorganization, and so on, the required documents for the company's requirements and judgments are relatively high, the Special Audit committee to vote, and then enter the decision procedure. For the gem, July 26 is the processing of the "small program", called Material reception. According to regulations, within 5th, that is, by the end of this weekend, the SFC must make a declaration on the first day of the Enterprise whetherAdmissibility decision.  There is also a situation, the need to supplement the material, that is, the need for a particular situation to make a special statement, such as the audit department in the audit process found that an enterprise in accordance with the general requirements of the industry can not make a substantial assessment of its future performance, give the enterprise a certificate of opportunity, 30th "In the Past (motherboard) IPO, admissibility is the overwhelming majority, there are individual needs to fill, after the acceptance, the company audit material to the Business unit audit, Audit and after a program-feedback." Notify the enterprise by the Office of reception.  said the person in charge.  In fact, the reception office has a unified management role, all items to be sealed after the department finally returned to the applicant. Defective or not accepted the "batch" declaration of 108 enterprises will directly challenge the working intensity of the receiving department.  According to Yao, "Don't say the content, it will take a few days to deal with this pile of paper."  Who will win the first round of the draft, the next step, this Friday will be seen.  Various indications, whether the admissibility of the trial or will be strict, some "low-level" flaws or will directly affect the application of the enterprise is accepted.  Yao in the previous training for the intermediary agencies to sponsor the request: the Declaration of the project screening, the first is "particularly low requirements", that is, the quality and quantity of the declaration materials. "Should have all had?" Do not fool me, (for example) still a land of things do not get, first grab a position to say. "Yao said at the training meeting," We have to declare the necessary terms, once found the problem, I'm sorry, you this company a little to the back, we have to ensure that the good company to issue as soon as possible.  "One day to declare the material of the sponsor representative said that the training meeting July 14, the company began to actually prepare to submit materials, less than two weeks of time" is too tight ", at the meantime, in many ways, such as accountants, lawyers to issue advice, the local government to give a letter of introduction. "Issued an opinion is not to write a thing, cover a chapter on the end, to the situation of the enterprise to make a substantive analysis, and now on the violation of the punishment is very strict, dare not take lightly."  The sponsor representative said that its declaration of the enterprise material is July 26 morning before printing finished. Wu Yu Yu, director of the investment Department of Soochow Securities, said that recently the company colleagues are working overtime, "All night to do, and strive to reserve the best corporate newspaper, through the audit pushed to the market." "Such a large intensity of work, the occurrence of material omissions, flaws and so on seems inevitable, no wonder a CSRC staff looked at the busy reception said," So many enterprises, not necessarily can go to the next program. ”
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