新三板挂牌推荐业务工作指引优化 监管适当简化底稿部分要求

Core Viewpoint - The China Securities Association has revised the guidelines for the recommendation and issuance of non-listed public companies on the New Third Board, aiming to simplify the requirements for the due diligence process and enhance the quality of the work conducted by sponsoring brokers [1] Group 1: Regulatory Changes - The revised guidelines clarify the due diligence responsibilities of sponsoring brokers, emphasizing the need for thorough investigations [1] - The adjustments reflect a more inclusive approach towards small and medium-sized enterprises, simplifying the due diligence checklist to avoid significant increases in verification costs [1] - The changes also consider the future listing needs of companies on the Beijing Stock Exchange, adjusting the documentation requirements to prevent redundant due diligence and re-preparation of materials [1] Group 2: Objectives of the Revision - The primary goal of the revision is to standardize the preparation of business documentation for non-listed public companies, thereby improving the quality of due diligence conducted by sponsoring brokers [1] - The initiative is expected to promote the high-quality development of the New Third Board market [1]