close
Share with your friends

New SAFE rules on domestic individuals' participation in share-based incentive plans of overseas listed companies

New SAFE rules on domestic individuals' participa...

China alert - Issue 3, March 2012  

1000

Related content

New SAFE rules on domestic individuals' participation in share-based incentive plans of overseas listed companies

On 20 February 2012, the State Administration of Foreign Exchange (“SAFE”) issued Hui Fa [2012] No. 7 (“Circular 7”) to replace Hui Zong Fa [2007] No. 78 (“Circular 78”) and Hui Zong Fa [2008] No. 2 (“Circular 2”). Issuance of Circular 7 clarifies the procedural requirements on SAFE registration of share-based incentive plans previously stipulated by Circular 78 from a practical perspective, whilst extending coverage of the application of the registration requirements and putting in additional measures for timely on-going monitoring.

© 2020 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited  ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

 

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us