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While most breaches were detected and sanctioned inside one to 2 years, the authorities didn't hesitate to research and impose sanctions lengthy after a transaction had closed, in some cases more than 5 years after completion. A majority of those decisions were published in the final two years, suggesting a current improve in the enforcement authorities’ vigilance and willingness to publicise their enforcement in this respect. Under the present guidelines events can face fines of up to RMB500,000 (around $72,000) for implementing a transaction in breach of the regulation. Fines remained modest, at an average of half of the statutory most (around RMB250,000 or $36,000 per party). SAMR proposes heavy sanctions for noncompliance with procedural necessities.
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