Draft Rules definition
Examples of Draft Rules in a sentence
The Draft Rules lay out specific filing requirements for overseas listing and offering by PRC domestic companies and include unified regulation management and strengthening regulatory coordination.
However, the Draft Rules are not yet effective at present and will take time to become effect.
A decision was taken by the Board at its 49th meeting on February 12, 2009 that the Draft Rules be forwarded to the Ministry of Finance for consideration and approval.
One of the main objectives of the WUP-JICA Project (study) is to provide the MRC with technical assistance in the process of preparation of the Draft Rules of Water Utilisation under the WUP activities.
However, there are substantial uncertainties regarding the provisions, interpretation and application of the Draft Rules which become effective in the future, and there can be no assurance that whether this Offering shall abide by relevant provisions.
The Draft Rules, purport to require domestic companies that seek to offer and list securities in overseas markets, including direct overseas offering and listing and indirect overseas offering and listing, shall fulfill the filing procedure with CSRC, and regulate these domestic companies’ behavior of providing documents involving including state secrets, national security or major interests to relevant agencies (including overseas regulators).