Legal basis: Measures for the Administration of Securities Legal Business of Law Firms.
Article 8 Law firms that meet the following conditions are encouraged to engage in securities legal business:
(a) internal management norms, perfect risk control system, high professional standards, good social reputation;
(two) there are more than 20 practicing lawyers, of whom more than 5 are engaged in securities legal business;
(3) Having handled effective occupational liability insurance;
(4) It has not been subject to administrative punishment for illegal practice in the last two years.
Article 11 The same law firm shall not issue legal opinions for the issuer, sponsor and underwriting securities company of the same securities issue at the same time, nor shall it issue legal opinions for the acquirer and the acquired listed company of the same acquisition method at the same time, nor shall it issue legal opinions for the interested parties in other securities business activities. If a lawyer serves as a director, supervisor or senior manager of the company and its related parties, or there are other circumstances that affect the independence of lawyers, the law firm where the lawyer works shall not accept the entrustment of his company to provide securities legal services for the company.