BlockBeats News, February 6th. The China Securities Regulatory Commission issued the “Regulatory Guidance on the Domestic Assets Issuing Asset-Backed Securities Token Overseas.” It mentioned that the China Securities Regulatory Commission will strictly regulate the domestic assets issuing asset-backed securities token overseas in accordance with the law and regulations. Before conducting related business, the domestic entity that controls the underlying assets should file a record with the China Securities Regulatory Commission, submit a filing report, complete set of overseas issuance materials, and other relevant materials as required, and fully explain the domestic record-keeping entity information, underlying asset information, token issuance plan, etc.
The domestic record-keeping entity and its controlling shareholders, actual controllers, directors, supervisors, senior management personnel, as well as relevant intermediary institutions shall ensure that the filed materials are true, accurate, and complete, with no false records, misleading statements, or major omissions.
