Modify The People's Republic Of China Department Of Insurance Law Such As Legal Decisions

Original Language Title: 修改《中华人民共和国保险法》等五部法律的决定

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Standing Committee of the national people's Congress on revising the People's Republic of China Department of insurance law such as legal decision (order of the President of 14th) People's Republic of China President, 14th

                              
The Standing Committee of the national people's Congress to amend of People's Republic of China insurance five legal decisions by the People's Republic of China adopted at the 12th session of the Standing Committee of the tenth National People's Congress on August 31, 2014, are hereby promulgated and, as of the date of promulgation.
                                 People's Republic of China President XI



The August 31, 2014
Standing Committee of the national people's Congress on revising the People's Republic of China Department of insurance law such as legal decisions

(August 31, 2014 adopted at the 12th session of the Standing Committee of the tenth National People's Congress session) the 12th meeting of the Standing Committee of the tenth National People's Congress decided:

First, the People's Republic of China Insurance Act amendments

(A) the 82nd in the "People's Republic of China article 147th in company" is amended as "People's Republic of China company law provisions of the 146th section". (B) modify the 85th to: "insurance companies should employ professionals, establish an actuarial reporting system and regulatory compliance reporting system.



Second, the People's Republic of China securities law amendments

(A) the 89th in the article "prior to the securities regulatory authority under the State Council submitted" changed to "notices", eighth in the first paragraph in the "submitted" changed to "notice".

Deletion of the second paragraph.

(B) by deleting paragraph 90th. (C) the 91st is amended as: "in a tender offer within the acceptance period, the purchaser may withdraw its tender offer. Purchasers need to change the offer, you must timely notice, containing the specific changes.



(D) in the 108th, 131th article "People's Republic of China article 147th in company" is amended as "People's Republic of China company law provisions of the 146th section".

(E) by deleting clause No. 213 in the "submit report on the acquisition of listed companies" and "or alter the offer."

Third, the People's Republic of China Certified Public Accountants Act amended (A) the 25th paragraph amended as: "the establishment of a public accounting firm, approved by the financial Department of the people's Governments of provinces, autonomous regions and municipalities.



(B) in article 44th is amended as: "foreigners to apply for the national examination of Chinese Institute of certified public accountants and registered in accordance with the principle of reciprocity. "Foreign accounting firms need temporary handle on the business in China, subject to the relevant approval of the financial Department of the people's Governments of provinces, autonomous regions and municipalities.



Four, the People's Republic of China Government Procurement Act amended

(A) the 19th article of the "authorized by the relevant departments under the State Council or provincial people's Government entitled" changed to "central purchasing institutions."

(B) by deleting article 71st.

(C) in the 78th "disqualified to its related businesses according to law" is amended as "1-3 agent is prohibited in government procurement."

Five, the People's Republic of China Meteorological law amended The 21st is revised as follows: "new construction, expansion, renovation projects, and shall avoid jeopardizing the meteorological observation environmental; indeed unavoidable, the construction unit shall obtain the consent of the provinces, autonomous regions and municipalities directly under the meteorological departments agree, and take the appropriate measures in order to build.



This decision shall come into force as of the date of. People's Republic of China insurance code, the People's Republic of China securities law and the People's Republic of China certified public accountant law and the People's Republic of China Government procurement law and the People's Republic of China Meteorological law be revised according to this decision, republished.