The listing and trading of fund shares involves the interests of many investors and is closely related to the financial fields such as securities, and should be approved in accordance with the conditions and procedures prescribed by law.
In essence, fund share is a kind of securities in a broad sense. Therefore, the provisions of this article on the examination and approval of fund share listing transactions are basically consistent with those of the Securities Law on the examination and approval of securities listing transactions.
Extended data:
approve
According to the provisions of the Securities Law, a stock exchange is a non-profit legal person organization that provides a place for centralized bidding transactions of securities, can formulate specific rules for centralized bidding transactions of securities in accordance with securities laws and administrative regulations, and conduct self-discipline supervision on exchange members and securities transactions conducted in this exchange in accordance with its articles of association and trading rules.
In order to give full play to the self-regulatory role of the stock exchange, simplify the procedures for listing and trading fund shares, and improve the efficiency of examination and approval of listing and trading fund shares, this article stipulates that the the State Council securities regulatory authority may authorize the stock exchange to approve the listing and trading of fund shares in accordance with legal conditions and procedures.
The legal conditions and procedures mentioned here mainly refer to the conditions stipulated in Article 48 of this Law and the conditions and approval procedures stipulated in the listing rules formulated by the stock exchange and reported to the the State Council securities regulatory authority for approval.