On 29 January 2010, the PRC State Administration for Industry and Commerce (“SAIC”) issued the Regulation on Administration for Registration of Foreign-invested Partnerships (the “Regulation”), so as to implement the Measures for the Administration of Partnerships Established within the Territory of China by Foreign Enterprises or Individuals issued by the State Council of the People's Republic of China ("State Council") on 25 November 2009 (the “Measures” ) (Order of the State Council No.567, see previous legal update-Long-awaited Foreign-Invested Partnership Regulations Issued-December 3, 2009). Both the Regulation and the Measures will go into effect as of 1 March 2010. The Regulation consists of nine sections,mainly addressing such issues as the formation, alteration, cancellation, branches registration,and annual verification of foreign-invested partnerships (the “FIP”).
