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Document Information:
- Year: 2006
- Country: China
- Language: English
- Document Type: Domestic Law or Regulation
- Topic:
Order of the Ministry of Civil Affairs (No. 31) The Measures for the Information Disclosure of Foundations, which were adopted at the 6th executive meeting of the Ministry of Civil Affairs on December 27, 2005, are now promulgated and shall become effective from the day of promulgation. Minister Li Xueju January 12, 2006
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Measures for the Information Disclosure of Foundations Article 1 The present Measures are formulated according to the relevant provisions of the Regulation on Foundation Administration (hereinafter referred to as the Regulation) in order to regulate the information disclosure activities of foundations and the representative offices of overseas foundations, protect the lawful rights and interests of donors and relevant parties concerned, and promote the development of public welfare activities. »BH ¹
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[/eë uH è v¥µ1?çÅç'÷E b Article 2 The term “information disclosure” as mentioned in the present Measures refers to activities of a foundation or representative office of an overseas foundation disclosing its internal information and business activities to the general public through media according to the provisions of the Regulation and the present Measures. The foundation or representative office of an overseas foundation is the responsible party for information disclosure. »=H '÷E
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^ƒl ¦ b Article 3 The information disclosed by the responsible party for information disclosure shall be authentic, accurate, and complete. The disclosed information materials shall not include any false records, misleading statements, or major omissions. The responsible party for information disclosure shall guarantee that donors and the general public can quickly and conveniently refer to or copy the publicly disclosed materials. » ØH ƒl ¦ƒ¥'
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b Article 4 The information that the responsible party for information disclosure shall disclose includes the following: »
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(1) An annual work report of a foundation or representative office of an overseas foundation; (2) Information on the fundraising activities organized by public fundraising foundations; and (3) Information on public welfare funding projects launched by foundations. The foundation or representative office of an overseas foundation may, on the basis of observing the provisions of the present Measures, can choose to disclose more information at its discretion.
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,9‚¤“ƒ b Article 6 Where a public fundraising foundation organizes fundraising activities, it shall disclose its tentatively planned public welfare activities upon receiving the funds as well as a detailed plan for utilizing the funds. During the period where fundraising activities are in progress, the income generated by the fundraising activities and the costs and expenditures in launching the public »
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disclosure activities. With regard to any disclosed information, a public archive of disclosed information shall be created and properly preserved.. 1
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s¨:5 Ø1Sü_° b Article 14 The registration and management organ shall supervise and administer information disclosure activities as prescribed by law, and ensure the trustworthiness of the responsible party for information disclosure in writing. Where any responsible party for information disclosure fails the duty of information disclosure or discloses false information, the registration and administration organ shall instruct the party to immediately correct its actions and issue an administrative penalty per the provisions of Article 42 of the Regulation. (Related materials: First paragraph of local regulations) »
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Article 15 The text format for the disclosed information within the annual report for report shall be formulated by the State Council and Ministry of Civil Affairs. »
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@› b Translated and reviewed by Shin-yee Yu and Shawn Shieh