Article 26 the maximum period for underwriting securities on an agency basis or on a sole agency basis shall be 90 days 第二十六條證券的代銷包銷期最長不得超過九十日。
The underwriting syndicate shall be composed of the leading underwriting security company and participating underwriting security companies 承銷團(tuán)應(yīng)當(dāng)由主承銷和參與承銷的證券公司組成。
Article 22 an issuer of securities for public issuance has the right to choose independently an underwriting security company in accordance with law 第二十二條公開發(fā)行證券的發(fā)行人有權(quán)依法自主選擇承銷的證券公司。
Article 23 to underwrite securities , the securities firm shall enter into an agreement with the issuer for underwriting as an agent or as a sole agent . such agreement shall include the following 第二十三條證券公司承銷證券,應(yīng)當(dāng)同發(fā)行人簽訂代銷或者包銷協(xié)議,載明下列事項(xiàng):
Article 22 . an issuer who publicly issues securities has the right to select an underwriting securities company . securities companies shall not procure the underwriting business with improper means of competition 第二十二條公開發(fā)行證券的發(fā)行人有權(quán)依法自主選擇承銷的證券公司。證券公司不得以不正當(dāng)競爭手段招攬證券承銷業(yè)務(wù)。
" underwriting securities on an agency basis " means the way whereby the securities firm sells securities as the agent of the issuer and , at the end of the underwriting period , returns to the issuer all the securities that remain unsold 證券代銷是指證券公司代發(fā)行人發(fā)售證券,在承銷期結(jié)束時,將未售出的證券全部退還給發(fā)行人的承銷方式。
" underwriting securities on a sole agency basis " means the way whereby the securities firm purchases , pursuant to an agreement , all the securities to be issued by the issuer or whereby it purchases , at the end of the underwriting period , all the securities that remain after sale 證券包銷是指證券公司將發(fā)行人的證券按照協(xié)議全部購入或者在承銷期結(jié)束時將售后剩余證券全部自行購入的承銷方式。
Securities regulatory bodies , securities exchanges , and underwriting securities companies and their personnel shall not prematurely leak out the contents of the public announcements which these companies are required to announce by the law and administrative regulations 證券監(jiān)督管理機(jī)構(gòu)、證券交易所、承銷的證券公司及有關(guān)人員,對公司依照法律、行政法規(guī)規(guī)定必須作出的公告,在公告前不得泄露其內(nèi)容。