The CSRC intends to modify multiple rules and regulatory documents: securities firms engaged in the admission method of stock option brokerage business to "approval system", and the seven major conditions in the futures transaction consulting business should be met

Today (June 24), the official website of the CSRC released news. In order to do a good job in the implementation of the "Futures and Derivative Laws of the People's Republic of China" (hereinafter referred to as the "Futures and Derivation Methods"), the CSRC drafted the "Modification of Modification The decision of some securities and futures rules "" Decision on modifying some securities and futures standardized documents "(hereinafter referred to as two decisions), modify some terms of 8 regulations and 15 regulatory documents, and publicly solicit opinions from the society. The above -mentioned feedback deadline is July 24, 2022.

The Securities Regulatory Commission pointed out that based on the actual situation of the futures market and derivatives market, the "Futures and Derivative Laws" comprehensively regulate the futures market, take into account the adjustment of the derivative market, and focus on the functions of fully exerting the futures market and derivative market to serve the national economy. Part of the terms intending to amend the rules and regulatory documents will be adjusted in accordance with the relevant provisions of the Futures and Derivation Methods.

Adjust 8 rules and regulations, 15 normative documents

Among the two decisions, the securities futures regulations mentioned include: "Management Measures for Directors, Supervisors and Senior Management of Futures Company", "Administrative Measures for Futures Company Risk Supervision Index", "Administrative Measures for Futures Investors Protection Fund", "Futures Company Company "Futures Investment Consultation Business Trial Measures", "Regulations on the Integrity of Securities Futures Management and its staff", "Several Provisions on Strengthening the Management of Securities Futures Information Communication", "Implementation Measures for the Implementation of Anti -Money Laundering in Securities Futures Industry" "Measures" and 8 rules and regulations.

The standardized documents mentioned include the "Administrative Regulations of the Chief Risk Officer of Futures Company (Trial)", "Administrative Measures for Futures Companies' Securities Subtracts", "Regulations on the Classification Supervision of Futures Company", "Trial Measures for Futures Company Financial Futures Settlement Business" "Customer Account Opening Management Regulations", "Preparation and Reporting Guidelines for Futures Company Risk Supervision Reports", "Regulations on the Management of Futures Company Information Publicity", "Regulations on Clarifying the Payment of Futures Investors Protection Fund", "Regarding the Futures Exchange, Futures Company Paying Futures Regulations for investor guarantee funds related matters "" Guidelines for Securities Futures Management Institutions Participating in Stock Options Transactions "," Guidelines for Securities Investment Fund Participating in Stock Index Futures Transactions "," Public Raising Securities Investment Fund Participation in Treasury Futures Trading Guidelines "," Securities Company Provided by Futures Company to provide futures companies with futures companies "Introduction to the Trial Measures for Business", "Provisions for the Guidelines for Securities Company to participate in stock index futures, government bond futures transactions", "Regulations on strengthening customer information management of securities and futures business institutions such as customer transaction terminal information" and other 15 standardized documents.

The 8 rules and regulations and 15 regulatory documents have added the "Futures and Derivation Methods" as the basis of the upper law. At the same time, because the "Futures and Derivation Laws" no longer implement the employment qualification management of the employees of futures business institutions, it has increased the principles of the employment requirements of futures business institutions. Therefore, the Securities Regulatory Commission has adjusted the "qualifications" of employees involving the employees of the expiration of the business institutions in the “Futures Company Information Publicity Management Regulations”. If there is an inconsistent statement in the "Futures and Derivation Methods", it has been adjusted.

In addition, the CSRC has adjusted relevant text expressions in accordance with the "Futures and Derivation Laws". For example, the Futures and Derivation Models stipulate the futures transactions and derivatives and futures traders. Therefore, the CSRC will revise the "Investment" and "Investors" in the regulations such as "Clarifying the Clarion of Clarifying the Payment of Futures Investors Protection Fund" and other standardized documents.

The stock option brokerage business shall adopt the approval system, and the seven major conditions shall meet the futures transaction consulting business

In addition, the CSRC also revised the "Film and Futures Business Institutions Participating in the Pilot of Stock Options Transactions" and other standardized documents. Securities companies filed by futures regulatory agencies do not need to re -approve, and may apply directly to the business securities futures business license.

In addition, regarding the futures company engaged in the futures transaction consulting business, the CSRC clearly stipulates that after the amendment of the relevant documents, it should be clearly stipulated that it should be approved by the China Securities Regulatory Commission to obtain futures transaction consulting business qualifications; personnel who engage in futures transaction consulting business shall meet the relevant industry conditions. Futures companies that have not qualified for qualifications and those who do not meet the relevant industry conditions shall not engage in futures transaction consulting business activities.

At the same time, the CSRC stipulates that the futures company's application for futures transaction consulting business shall have the following seven conditions:

(1) The registered capital is not less than RMB 100 million, and the net capital is not less than RMB 80 million;

(2) The risk supervision indicators of 6 months before the application continue to meet the regulatory requirements;

(3) There are no less than one senior managers who have more than 3 years of futures experience and meet the conditions of futures transaction consulting. There are no less than 5 business personnel who have more than 2 years of futures employment that meet the futures of futures transactions. Senior managers and business personnel have no bad integrity records in the past three years. They have not been punished by administration and criminal punishment, and there are no cases of being investigated by the rights of organs for suspected violations of laws and regulations;

(4) Have a complete futures transaction consulting business management system;

(5) In the past three years, it has not been punished by administration and criminal punishment for violations of laws and regulations, and there are no cases that are investigated by suspected major violations of laws and regulations;

(6) In the past one year, there are no situations of regulatory agencies adopting the "Futures and Derivation Method Laws" in the case of regulatory measures stipulated in Article 73 and 74 of Article 73; (7) The China Securities Regulatory Commission shallcondition.

Daily Economic News

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