3月(yue)1日(ri)，證監(jian)(jian)會發(fa)布(bu)《科創板首次公(gong)開發(fa)行股票注(zhu)冊管(guan)理辦(ban)法(fa)（試(shi)行）》（以(yi)下簡稱《注(zhu)冊管(guan)理辦(ban)法(fa)》）和《科創板上市公(gong)司持(chi)(chi)續(xu)監(jian)(jian)管(guan)辦(ban)法(fa)（試(shi)行）》（以(yi)下簡稱《持(chi)(chi)續(xu)監(jian)(jian)管(guan)辦(ban)法(fa)》），自公(gong)布(bu)之日(ri)起實(shi)施(shi)。經證監(jian)(jian)會批準，上交所、中(zhong)國(guo)結算相關業(ye)務規則隨之發(fa)布(bu)。

　　設立(li)科(ke)創板并(bing)(bing)試點(dian)注(zhu)(zhu)冊(ce)制主(zhu)要(yao)制度(du)規(gui)(gui)則自1月30日向社(she)會(hui)(hui)公開征求意(yi)(yi)(yi)見(jian)(jian)(jian)至征求意(yi)(yi)(yi)見(jian)(jian)(jian)結(jie)束期間，證監(jian)會(hui)(hui)及上交所、中國結(jie)算通過(guo)郵件(jian)、信(xin)函、熱線(xian)電(dian)話等(deng)渠道收到(dao)各(ge)類意(yi)(yi)(yi)見(jian)(jian)(jian)建議(yi)共700多份(fen)，并(bing)(bing)召開座談會(hui)(hui)、發放調(diao)查問卷聽取相(xiang)關各(ge)方意(yi)(yi)(yi)見(jian)(jian)(jian)。社(she)會(hui)(hui)各(ge)界(jie)對設立(li)科(ke)創板并(bing)(bing)試點(dian)注(zhu)(zhu)冊(ce)制給予(yu)高(gao)度(du)關注(zhu)(zhu)，并(bing)(bing)提出修改(gai)意(yi)(yi)(yi)見(jian)(jian)(jian)建議(yi)。證監(jian)會(hui)(hui)及有關單位對反饋(kui)意(yi)(yi)(yi)見(jian)(jian)(jian)逐條進(jin)行認真研究(jiu)，充分吸收進(jin)一步明確注(zhu)(zhu)冊(ce)要(yao)求和程序、優化(hua)減持制度(du)、完善信(xin)息(xi)披露等(deng)合理意(yi)(yi)(yi)見(jian)(jian)(jian)，并(bing)(bing)相(xiang)應修改(gai)完善《注(zhu)(zhu)冊(ce)管(guan)理辦法》、《持續監(jian)管(guan)辦法》等(deng)制度(du)規(gui)(gui)則。

　　修(xiu)改完善后的(de)《注冊管(guan)理辦法(fa)(fa)》共8章81條。主要有(you)以(yi)下內(nei)容：一是(shi)明確(que)(que)科(ke)創(chuang)(chuang)板(ban)試(shi)點(dian)注冊制(zhi)的(de)總體原則(ze)，規定(ding)股(gu)(gu)票(piao)發行(xing)適用(yong)注冊制(zhi)。二是(shi)以(yi)信(xin)息(xi)披(pi)露(lu)為中(zhong)心(xin)，精簡優化(hua)(hua)現(xian)行(xing)發行(xing)條件(jian)，突出重大性原則(ze)并強調風險防控。三是(shi)對科(ke)創(chuang)(chuang)板(ban)股(gu)(gu)票(piao)發行(xing)上市審核流程(cheng)(cheng)做出制(zhi)度(du)安排(pai)，實(shi)現(xian)受理和審核全(quan)流程(cheng)(cheng)電子化(hua)(hua)，全(quan)流程(cheng)(cheng)重要節點(dian)均對社會公開，提高審核效率，減輕(qing)企(qi)業(ye)(ye)負(fu)擔。四是(shi)強化(hua)(hua)信(xin)息(xi)披(pi)露(lu)要求，壓實(shi)市場主體責(ze)任(ren)，嚴(yan)格(ge)落實(shi)發行(xing)人(ren)等相關主體在信(xin)息(xi)披(pi)露(lu)方(fang)面的(de)責(ze)任(ren)，并針對科(ke)創(chuang)(chuang)板(ban)企(qi)業(ye)(ye)特點(dian)，制(zhi)定(ding)差異化(hua)(hua)的(de)信(xin)息(xi)披(pi)露(lu)規則(ze)。五(wu)是(shi)明確(que)(que)科(ke)創(chuang)(chuang)板(ban)企(qi)業(ye)(ye)新股(gu)(gu)發行(xing)價格(ge)通(tong)過向符合條件(jian)的(de)網下投資者詢價確(que)(que)定(ding)。六是(shi)建立全(quan)流程(cheng)(cheng)監管(guan)體系，對違法(fa)(fa)違規行(xing)為負(fu)有(you)責(ze)任(ren)的(de)發行(xing)人(ren)及(ji)其(qi)控股(gu)(gu)股(gu)(gu)東、實(shi)際控制(zhi)人(ren)、保(bao)薦人(ren)、證券服務(wu)機構(gou)以(yi)及(ji)相關責(ze)任(ren)人(ren)員加大追責(ze)力度(du)。

　　修改完善(shan)后的(de)(de)(de)(de)《持(chi)續(xu)監(jian)管(guan)辦法》共(gong)9章(zhang)36條。主(zhu)(zhu)要(yao)有以(yi)下(xia)內容：一是明(ming)確適用原則。科創板上(shang)(shang)(shang)市(shi)(shi)(shi)公(gong)(gong)(gong)(gong)司(si)（以(yi)下(xia)簡稱科創公(gong)(gong)(gong)(gong)司(si)）應(ying)適用上(shang)(shang)(shang)市(shi)(shi)(shi)公(gong)(gong)(gong)(gong)司(si)持(chi)續(xu)監(jian)管(guan)的(de)(de)(de)(de)一般規(gui)定，《持(chi)續(xu)監(jian)管(guan)辦法》與證(zheng)監(jian)會其他相關(guan)規(gui)定不一致的(de)(de)(de)(de)，適用《持(chi)續(xu)監(jian)管(guan)辦法》。二(er)是明(ming)確科創公(gong)(gong)(gong)(gong)司(si)的(de)(de)(de)(de)公(gong)(gong)(gong)(gong)司(si)治理相關(guan)要(yao)求，尤其是存在特別表(biao)決權(quan)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)份的(de)(de)(de)(de)科創公(gong)(gong)(gong)(gong)司(si)的(de)(de)(de)(de)章(zhang)程(cheng)規(gui)定和信息(xi)披(pi)(pi)露(lu)。三是建立具(ju)有針對(dui)性(xing)的(de)(de)(de)(de)信息(xi)披(pi)(pi)露(lu)制(zhi)度(du)，強化(hua)行(xing)業(ye)(ye)信息(xi)和經營風險(xian)的(de)(de)(de)(de)披(pi)(pi)露(lu)，提升(sheng)信息(xi)披(pi)(pi)露(lu)制(zhi)度(du)的(de)(de)(de)(de)彈性(xing)和包容度(du)。四是制(zhi)定寬嚴結(jie)合的(de)(de)(de)(de)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)份減持(chi)制(zhi)度(du)。適當延長上(shang)(shang)(shang)市(shi)(shi)(shi)時未(wei)盈利企(qi)業(ye)(ye)有關(guan)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)東的(de)(de)(de)(de)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)份鎖定期，適當延長核心技術(shu)團隊(dui)的(de)(de)(de)(de)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)份鎖定期；授權(quan)上(shang)(shang)(shang)交(jiao)所對(dui)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)東減持(chi)的(de)(de)(de)(de)方式、程(cheng)序(xu)、價(jia)格(ge)、比例及(ji)后續(xu)轉讓等(deng)(deng)(deng)事項予以(yi)細化(hua)。五是完善(shan)重(zhong)大資產重(zhong)組(zu)制(zhi)度(du)。科創公(gong)(gong)(gong)(gong)司(si)并購重(zhong)組(zu)由上(shang)(shang)(shang)交(jiao)所審核，涉及(ji)發行(xing)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)的(de)(de)(de)(de)，實(shi)施(shi)注冊制(zhi)；規(gui)定重(zhong)大資產重(zhong)組(zu)標的(de)(de)(de)(de)公(gong)(gong)(gong)(gong)司(si)須符(fu)合科創板對(dui)行(xing)業(ye)(ye)、技術(shu)的(de)(de)(de)(de)要(yao)求，并與現(xian)有主(zhu)(zhu)業(ye)(ye)具(ju)備協同效應(ying)。六是股(gu)(gu)(gu)(gu)(gu)(gu)(gu)權(quan)激勵(li)制(zhi)度(du)。增加了可以(yi)成為激勵(li)對(dui)象的(de)(de)(de)(de)人(ren)員范圍(wei)，放寬限制(zhi)性(xing)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)票(piao)的(de)(de)(de)(de)價(jia)格(ge)限制(zhi)等(deng)(deng)(deng)。七是建立嚴格(ge)的(de)(de)(de)(de)退(tui)市(shi)(shi)(shi)制(zhi)度(du)。根(gen)據科創板特點(dian)，優化(hua)完善(shan)財務類(lei)、交(jiao)易類(lei)、規(gui)范類(lei)等(deng)(deng)(deng)退(tui)市(shi)(shi)(shi)標準，取消暫停上(shang)(shang)(shang)市(shi)(shi)(shi)、恢復上(shang)(shang)(shang)市(shi)(shi)(shi)和重(zhong)新(xin)上(shang)(shang)(shang)市(shi)(shi)(shi)環節(jie)。此外，《持(chi)續(xu)監(jian)管(guan)辦法》還(huan)對(dui)分拆(chai)上(shang)(shang)(shang)市(shi)(shi)(shi)、募集(ji)資金使用、控股(gu)(gu)(gu)(gu)(gu)(gu)(gu)股(gu)(gu)(gu)(gu)(gu)(gu)(gu)東股(gu)(gu)(gu)(gu)(gu)(gu)(gu)權(quan)質押和法律責任等(deng)(deng)(deng)方面做出(chu)了規(gui)定。

　　為(wei)做(zuo)好設立科創板并(bing)試點(dian)注冊(ce)(ce)制(zhi)(zhi)具體實施(shi)工作，證(zheng)監會制(zhi)(zhi)定了(le)《公(gong)開發(fa)行(xing)證(zheng)券(quan)的(de)公(gong)司信息披露內容(rong)與格式準(zhun)(zhun)則(ze)(ze)第41號(hao)(hao)——科創板公(gong)司招股說明書》和《公(gong)開發(fa)行(xing)證(zheng)券(quan)的(de)公(gong)司信息披露內容(rong)與格式準(zhun)(zhun)則(ze)(ze)第42號(hao)(hao)——首次公(gong)開發(fa)行(xing)股票并(bing)在科創板上(shang)市(shi)申(shen)請文件(jian)》，與《注冊(ce)(ce)管理(li)辦(ban)法》一并(bing)發(fa)布。上(shang)交(jiao)所根據征求意見(jian)情況對6項配(pei)套業務規則(ze)(ze)做(zuo)了(le)修(xiu)改完善(shan)，主要涉及上(shang)市(shi)條件(jian)、審核標準(zhun)(zhun)、詢(xun)價方式、股份減持(chi)制(zhi)(zhi)度、持(chi)續督導等方面。中國(guo)結(jie)算對證(zheng)券(quan)登記(ji)規則(ze)(ze)做(zuo)了(le)適(shi)應性修(xiu)訂，并(bing)對科創板股票股份登記(ji)制(zhi)(zhi)定了(le)相應細則(ze)(ze)。

　　下一步，證監會將會同有關方面扎(zha)實(shi)推進審核注冊、市場組織、技術準備(bei)等(deng)方面工作，落(luo)實(shi)好設(she)立科創板并試點注冊制改革(ge)。

　　同時，證監會發(fa)(fa)布(bu)的新聞發(fa)(fa)言(yan)人(ren)答記(ji)者問表(biao)示，發(fa)(fa)行(xing)人(ren)申請首(shou)次公開發(fa)(fa)行(xing)股票并在科創板上市，應當按(an)照(zhao)中國證監會有關(guan)規(gui)定(ding)制作注冊申請文件，由保薦人(ren)保薦并向交(jiao)易所(suo)申報。交(jiao)易所(suo)收到注冊申請文件后，5個工作日(ri)內(nei)作出是否受(shou)理的決定(ding)。

　　交(jiao)易所主(zhu)要通過向發行人(ren)提出審(shen)核問(wen)詢、發行人(ren)回答(da)問(wen)題方式(shi)開展審(shen)核工作，基于(yu)科(ke)創板定位，判斷(duan)發行人(ren)是否(fou)符合發行條件、上(shang)市條件和信息披露要求。

　　交(jiao)易(yi)所(suo)按照規(gui)定(ding)(ding)的(de)條件和程序，作(zuo)出同(tong)意(yi)或者不(bu)同(tong)意(yi)發行(xing)(xing)(xing)人(ren)股(gu)票公(gong)(gong)開發行(xing)(xing)(xing)并(bing)上市(shi)的(de)審(shen)(shen)核意(yi)見(jian)。同(tong)意(yi)發行(xing)(xing)(xing)人(ren)股(gu)票公(gong)(gong)開發行(xing)(xing)(xing)并(bing)上市(shi)的(de)，將審(shen)(shen)核意(yi)見(jian)、發行(xing)(xing)(xing)人(ren)注冊申請文件及(ji)相關審(shen)(shen)核資料報送中國證(zheng)監會履行(xing)(xing)(xing)發行(xing)(xing)(xing)注冊程序。不(bu)同(tong)意(yi)發行(xing)(xing)(xing)人(ren)股(gu)票公(gong)(gong)開發行(xing)(xing)(xing)并(bing)上市(shi)的(de)，作(zuo)出終止發行(xing)(xing)(xing)上市(shi)審(shen)(shen)核決(jue)定(ding)(ding)。

　　中國(guo)證監會(hui)收到(dao)交(jiao)易所報送的審(shen)(shen)核(he)意見、發(fa)(fa)行(xing)(xing)人(ren)注(zhu)(zhu)冊(ce)申請文件及相(xiang)關審(shen)(shen)核(he)資料后，履行(xing)(xing)發(fa)(fa)行(xing)(xing)注(zhu)(zhu)冊(ce)程序。發(fa)(fa)行(xing)(xing)注(zhu)(zhu)冊(ce)主(zhu)要(yao)關注(zhu)(zhu)交(jiao)易所發(fa)(fa)行(xing)(xing)上市審(shen)(shen)核(he)內(nei)容有無遺(yi)漏(lou)，審(shen)(shen)核(he)程序是否符合(he)規定(ding)(ding)，以(yi)及發(fa)(fa)行(xing)(xing)人(ren)在發(fa)(fa)行(xing)(xing)條(tiao)件和信息披露要(yao)求(qiu)的重大方面是否符合(he)相(xiang)關規定(ding)(ding)。中國(guo)證監會(hui)認為(wei)存在需要(yao)進(jin)一(yi)(yi)步說明或(huo)(huo)者落實事(shi)項的，可以(yi)要(yao)求(qiu)交(jiao)易所進(jin)一(yi)(yi)步問詢。中國(guo)證監會(hui)在20個(ge)工作(zuo)日內(nei)對發(fa)(fa)行(xing)(xing)人(ren)的注(zhu)(zhu)冊(ce)申請作(zuo)出同意注(zhu)(zhu)冊(ce)或(huo)(huo)者不予注(zhu)(zhu)冊(ce)的決定(ding)(ding)。