[15] “核准制,也叫实质管理(substantive regulation),是指证券发行不但需公开有关资料,还要符合股东出资公平、股本结构合理、所经营事业前景看好等实质条件。
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...在“完全公开主义”(Full Disclosure)指导下的注册制;二是以欧洲大陆法系国家为代表的“实质管理原则”(Substantive Regulation)指导下的核准制。
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substantive regulation philosophy 实质管理原则 ; 实质性审核主义
substantive regulation or merit standard 核准制 ; 又称实质管理原则
The third part mainly expounds the Concentration of Undertakings regulation of the substantive anti-monopoly standards.
第三部分,阐释了经营者集中反垄断法规制的实质标准。
The substantive test of merger control, one of the central parts of antimonopoly law, plays the key role in the regulation of M & A.
实体标准是整个并购控制体系的核心,也是反垄断法的重要内容之一。
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