10月21日,股转系统发布《全国中小企业股份转让系统挂牌公司股票终止挂牌实施细则(征求意见稿)》(以下简称《征求意见稿》)。《征求意见稿》分为总则、主动终止挂牌、强制终止挂牌、投资者权益保护、监管措施和违规处分、附则六章,对于主动或强制退市的相关要求、流程及信披义务进行了详细的规定。业内普遍认为,《征求意见稿》的核心是企业如何强制终止挂牌。 On October 21, the stock transfer system promulgated Implementation Rules for Terminating the Listing of Stocks of Companies Listed in the Share Transfer System for Small and Medium Sized Enterprises (Draft for Comment) (hereinafter referred to as the Draft for Comment). “Draft” is divided into general rules, take the initiative to terminate listing, forced termination of listing, protection of investor rights, regulatory measures and non-compliance with the provisions of Chapter Six, for active or mandatory delisting of the relevant requirements, processes and letter duty obligations in detail Provisions. The industry generally believes that the “Exposure Draft” is the core of how to force companies to terminate listing.