BEIJING — The China Securities Regulatory Commission (CSRC) has started soliciting public opinion on a plan to revise its administrative approval rules.

The CSRC is calling for tightened regulation on intermediary securities institutions. The planned revision specifies that such institutions are not allowed to review the programs signed by their employees who have been investigated for violating laws or rules or whose applications have been halted by the CSRC.

The revision urges these institutions to fulfill their duty of reviewing applications. It says that the CSRC will impose punishments on those who falsified, mislead, or deliberately omitted information in their reviewing results.

To mitigate the impact on irrelevant applicants, securities firms and securities service providers are still allowed to review applications per the rules. It will, however, be under investigation by the CSRC or judicial authorities for violating rules in the same types of services they offer to such applicants, the revision said.