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Article 1 The Securities Depository and Clearing Rules (hereinafter referred to as " the Rules") are formulated with a view to regulating securities depository and clearing activities, protecting the rights and interests of investors, maintaining the order of the depository and clearing activities, mitigating securities depository and clearing risks and promoting an efficient securities market in accordance with the Securities Law of the People's Republic of China, Company Law of the People's Republic of China and other applicable laws and regulations.
Article 2 The Rules are applicable to the depository and clearing of stocks, bonds, securities investment funds and securities derivatives (hereinafter referred to collectively as "Securities") listed on the Stock Exchange.
The rules also apply to the depository and clearing of unlisted securities.
Apart from the Rules, matters concerning the depository and clearing of domestic listed foreign shares are also subject to applicable laws, regulations and requirements of the China Securities Regulatory Commission (hereinafter referred to as the " CSRC").
Article 3 The securities depository and clearing activities shall be carried out in an open, fair, just, safe and efficient manner.
Article 4 The China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as "the CSDCC") is established as a not-for-profit legal entity for the purpose of providing securities registration, depository and clearing services.
The CSDCC adopts a nationwide centralized securities depository and clearing system on a self-discipline basis.
Article 5 The securities depository and clearing services shall be conducted in accordance with applicable laws, rules and regulations, requirements of the CSRC and the CSDCC's operating rules.
Article 6 The CSRC shall supervise over the CSDCC's securities depository and clearing activities in accordance applicable laws. |
