China Securities Regulatory Commission: Strictly Regulate the Domestic Issuance of Asset-Backed Securities Tokens Overseas in Accordance with the Law

BlockBeats News, February 6th. The China Securities Regulatory Commission issued the "Regulatory Guidelines on the Domestic Assets Issuing Asset-Backed Securities Token Overseas." It mentioned that the China Securities Regulatory Commission will strictly regulate the issuance of asset-backed securities tokens overseas by domestic assets in accordance with the law and regulations. Before conducting related businesses, the domestic entity with actual control over the underlying assets should file a record with the China Securities Regulatory Commission, submit a record report, complete set of overseas issuance materials, and other relevant materials as required, providing a full explanation of the domestic recordation subject information, underlying asset information, token issuance plan, and other details.

The domestic recordation subject and its controlling shareholder, actual controller, directors, supervisors, senior management personnel, and related intermediaries shall ensure that the recordation materials issued are true, accurate, and complete, without false records, misleading statements, or major omissions.