深交所：进一步规范上市公司证券发行上市审核 压严压实中介机构责任

Core Viewpoint - The Shenzhen Stock Exchange has revised the "Securities Issuance and Listing Review Rules for Listed Companies" to enhance regulatory oversight and strengthen the responsibilities of intermediary institutions, effective from the date of publication [1][3]. Group 1: Revision Background - The revision aligns with the newly amended Company Law and aims to implement the "National Nine Articles" to strengthen the review process for refinancing and enhance supervision of listed companies [5][6]. Group 2: Main Revision Contents - The revised rules consist of five chapters and fifty-nine articles, maintaining the structure of the previous version. Key changes include: - Adjustments to terminology and expressions to align with the new Company Law and related regulations, such as changing "shareholders' meeting" to "shareholders' assembly" and removing references to "supervisors" [7]. - Strengthening the responsibilities of intermediary institutions by emphasizing the importance of on-site verification and enhancing the mechanisms for preventing financial fraud and deceptive issuance [7][8]. - Increasing disciplinary measures against intermediary institutions for violations, including extending the maximum period for not accepting documents from five years to six months for certain conditions [8]. Group 3: Public Consultation and Feedback - A public consultation was held from December 27, 2024, to January 10, 2025, during which six consolidated opinions were received and considered for the final revisions [9].