Measures of the Shenzhen Stock Exchange for Securities Lending Transactions under Refinancing Business

 2018-06-28  7


· Document Number:No. 141 [2016] of the Shenzhen Stock Exchange

· Area of Law: Securities

· Level of Authority: Industry Regulations

· Date issued:04-28-2016

· Effective Date:05-09-2016

· Status: Effective

· Issuing Authority: Shenzhen Stock Exchange

 

Notice of the Shenzhen Stock Exchange on Amending Article 27 of the Implementation Measures of the Shenzhen Stock Exchange for Securities Lending Transactions under Refinancing Business (for Trial Implementation)(No. 141 [2016] of the Shenzhen Stock Exchange)
All market participants:
With the approval of the China Securities Regulatory Commission, the Shenzhen Stock Exchange ("SZSE") has amended Article 27 of the Implementation Measures of the Shenzhen Stock Exchange for Securities Lending Transactions under Refinancing Business (for Trial Implementation) (hereinafter referred to as the "Implementation Measures (for Trial Implementation)"). You are hereby notified of relevant issues as follows:
I. Article 27 of the Implementation Measures (for Trial Implementation) is amended to read: "The SZSE shall not accept relevant orders if the market is closed on the very day or if trading of the underlying securities is suspended for the whole day.
If trading of the underlying securities is suspended after market is opened on the very day, the SZSE shall not accept orders for lending or borrowing such securities during the period when the trading thereof is suspended, but may cancel relevant orders."
II. During the implementation of the pilot program of securities lending transactions under refinancing business, securities lenders shall still be limited to institutional investors, and securities lending transactions shall still be subject to pricing arrangements. The SZSE shall continue to waive handling charges on securities lending transactions.
III. This Notice shall come into force on May 9, 2016. The Implementation Measures (for Trial Implementation) shall, as amended in accordance with this Notice, be reissued. All member entities, and fund managers, among others, shall make proper business and technical preparations.
Annex: Implementation Measures of the Shenzhen Stock Exchange for Securities Lending Transactions under Refinancing Business (for Trial Implementation) (2016 Revision)
Shenzhen Stock Exchange
April 28, 2016