People's Republic of China (PRC) Securities Law
Article 180 When performing its duties according to law, the the State Council securities regulatory authority has the right to take the following measures:
(1) Conducting on-site inspections on securities issuers, listed companies, securities companies, securities investment fund management companies, securities service institutions, stock exchanges and securities registration and settlement institutions;
(two) to enter the place where the suspected illegal act occurred to investigate and collect evidence;
(3) Asking the parties, units and individuals related to the investigated events and asking them to explain the matters related to the investigated events;
(four) to consult and copy the property registration materials and communication records related to the investigated events;
(five) to consult and copy the securities trading records, registration and transfer records, financial and accounting materials and other relevant documents and materials of the parties and the units and individuals related to the investigated events; Documents and materials that may be transferred, concealed or damaged may be sealed up;
(6) Inquiring about the capital accounts, securities accounts and bank accounts of the parties and the units and individuals related to the investigated events; If there is evidence that illegal funds, securities and other property involved have been or may be transferred or concealed, or important evidence has been concealed, forged or destroyed, it may be frozen and sealed up with the approval of the principal responsible person of the securities regulatory agency in the State Council;
(7) When investigating major securities violations such as manipulation of the securities market and insider trading, with the approval of the principal person in charge of the the State Council securities regulatory agency, the parties involved in the investigated event may be restricted from buying and selling securities, but the restriction period shall not exceed fifteen trading days; If the case is complicated, it may be extended for fifteen trading days.
Extended data:
The legal time limit for China Securities Regulatory Commission to examine newly established securities companies;
People's Republic of China (PRC) Securities Law
Article 128 The the State Council securities regulatory body shall, within six months from the date of accepting the application for the establishment of a securities company, conduct a review in accordance with legal conditions and procedures and the principle of prudent supervision, make a decision on approval or disapproval, and notify the applicant.
If it is not approved, it shall explain the reasons.
If the application for the establishment of a securities company is approved, the applicant shall apply to the company registration authority for registration of establishment and obtain a business license within the prescribed time limit.
A securities company shall, within 15 days from the date of obtaining the business license, apply to the securities regulatory authority of the State Council for a license to operate securities business. A securities company may not engage in securities business without obtaining a license to engage in securities business.