(I) Clarify the work requirements and work standards for financial advisors' due diligence
Currently, although there are principle provisions for the work duties of financial advisors, there is a lack of specific implementation rules for the specific work content, work methods and work requirements. The Schedule of Professional Opinions, by providing clear and specific requirements for financial advisors to conduct due diligence investigations of listed companies' mergers and acquisitions and reorganizations, is conducive to guiding financial advisors to be diligent in their duties, giving full play to the role of financial advisors as gatekeepers for mergers and acquisitions and reorganizations, and reflecting the regulatory orientation of further exerting market forces.
(2) Promote the simplification of the audit process, improve the transparency of the audit criteria and market efficiency
The Professional Opinion Schedule, as a mandatory document of the filing materials, helps to standardize the content and format of the relevant Professional Opinion Schedule compiled by the financial advisors to standardize the filing documents, and at the same time facilitates the streamlining of the audit process, standardizes the audit criteria and enhances the efficiency of the auditing.
(3) Provide a basis for strengthening the follow-up supervision
In order to effectively implement the supervision of financial advisers, guide financial advisers to improve competitiveness and practice level, establish a market-oriented selection mechanism, and promote the standardized development of the financial adviser system, the China Securities Regulatory Commission (CSRC) will push forward to improve the construction of the financial adviser system. The introduction of the Schedule of Professional Opinions is an important part of the construction of the financial advisor system, which helps to provide standards and bases for subsequent supervision and is the basis for further promoting the financial advisor system.