Securities Supervision Commission and other six departments: compacting the "gatekeeper" responsibility of intermediaries

On July 5th, the "Opinions" proposed that the "gatekeeper" responsibility of intermediaries should be compacted. Promote the quality-oriented quality evaluation mechanism for intermediaries of listed companies and bond issuers. Supervise sponsors, accounting firms, asset appraisal agencies, law firms and other intermediaries to strengthen the quality control of practice. Strengthen the supervision and inspection of intermediaries. If intermediaries find fraud involving securities issuers and listed companies, they shall promptly notify the financial and securities regulatory departments. If intermediaries report fraud on their own initiative, they shall be given a lighter or reduced punishment according to law. Improve the credit records of intermediaries and employees, and urge relevant institutions and personnel to be diligent and responsible. < b > Suspension or prohibition of securities service business for intermediaries with major violations of laws and regulations , and strict implementation of systems such as revocation of practice licenses and prohibition of entry of practitioners.