On October 13, 2009, the China Securities Regulatory Commission (“CSRC”) published on its website the Decision to Amend Section 14 and Section 19 of the Rules on the Administration of Securities Registration and Settlement (Draft for Comment) (the “Draft”) to solicit public comments. The Draft enlarges the scope of entities that are entitled to open securities accounts, by allowing Chinese partnerships and other investors provided in laws, regulations and rules of the CSRC to open securities accounts.
