Period Exchange continues to strengthen front -line supervision!These two abnormal behaviors are to investigate and deal with the key points, and multiple account groups have been taken measures

Recently, many domestic futures exchanges have issued the latest regulatory information notification.

From the perspective of regulatory situation, self -transactions and frequent reporting of withdrawal are the highest proportion of illegal acts in abnormal transactions. The FCCO Stock Exchange continues to strengthen front -line supervision and comprehensively improve market supervision efficiency.

Self -transaction and frequent reporting orders occupy the big head

The last period recently reported the supervision of the second quarter of 2022. Affected by geopolitical changes and domestic epidemic, the prices of commodities in the second quarter fluctuated significantly. In the last period, the market operation of the hotspot varieties continued to follow the analysis of the hotspot varieties. Regulatory efforts to prevent the impact of illegal transactions on prices, and strictly investigate the clues of illegal and illegal clues that destroy the price formation mechanism and infringe on the legitimate rights and interests of all parties.

In terms of abnormal transactions, a total of 200 anomalous transactions were dealt with in the second quarter of the previous quarter, of which 43 were sold, 153 were reported frequently, and 4 were reported. Take regulatory measures to restrict open positions for 8 customers and 2 actual control account groups. Continue to increase the supervision of the abnormal trading behavior of private equity funds, and statistically report to the CSRC.

Since the transaction and frequent reporting orders have taken the lead in the violation of futures transactions. The results of the investigation and punishment of abnormalities and illegal transactions in June showed that there were 48 anomalous transactions in the month, including 20 self -transaction overlap, frequent reporting of 26 withdrawal, and 2 large reporting orders over the limit of 2 starting orders. The large business institute passed the member unit to call the customer who reached the above -mentioned abnormal transaction processing standards, and adopted the self -discipline management measures to restrict the opening of the position for one month for three customers and a actual control relationship account group.

In June, CICC dealt with 11 abnormal transactions, involving 17 customers. Among them, there are 4 transactions exceeding the limit of transactions, and frequently reported the withdrawal of 5 cases. The actual control of the relationship account is merged and holds the position of one position. Take 15 customers' measures to restrict open positions and take measures to call two members.

The front -line supervision continues to strengthen

In addition to investigating and dealing with illegal transactions, the FCCE has also strengthened supervision of other violations and actively exerts the function of front -line supervision.

As an example of the above period, in the second quarter, in terms of actual control cooperation, the actual control relationship of 558 groups of 1,344 customers was determined, and the actual control relationship of 96 customers 96 customers was conducted. At the same time, we will continue to increase self -rhythmic supervision for customers who have not actively declared actual control relationships, and take self -discipline management measures for 10 customers to interview and written warnings. In terms of cracking down on violations, 19 suspected clues of violations were investigated. The two suspected clues were investigated, of which one of the transactions affects the price and 1 transaction transfer funds. In the second quarter, the Securities Regulatory Commission punished an administrative penalty for a private equity trader transferred in the previous period through mutual transactions.

In June, there were 4 clues to deal with violations of regulations in June, including suspected of being suspected of knocking and transferring funds and suspected self -transaction or agreed transaction. It affects the contract price; in April, there are 6 clues to illegal transactions, including suspected of having to knock on the transfer funds, suspected transactions or agreed transactions affect contract prices. The Daeshang Institute conducted investigations on relevant customers and took corresponding measures.

According to a Chinese reporter from the brokerage firm, in the face of the price fluctuations and new changes in the future futures market, the last issue continues to pay attention to the macro and fundamental conditions, monitor the price operation and price difference, and effectively maintain the formation of futures prices by analyzing and researching the market structure. Mechanism, preventing systemic risks:

The first is to strengthen the compliance education of special law customers. In response to the behavior that affects the price of some special law customers, in addition to the investigation of the previous issue, the regulatory service also moves forward. Through telephone reminders, compliance training, membership prompts, etc. Related rules, especially paying attention to the risk of exit near the delivery.

The second is to severely crack down on the opening price and settlement price. In the second quarter, a written risk warning of the act that affects the price during the bidding period to prevent abnormal fluctuations in the opening price; the process of starting the settlement price of the settlement price of the setting price of the self -transactions and the normal formation of the settlement price of the settlement price The mechanism, as much as possible to eliminate the adverse effects of illegal transactions on the settlement price and the market, and investigate the case of violations. It is recommended that customers take full use of the futures market transaction, carefully study the price formation mechanism and futures knowledge, and improve their awareness of their compliance.

Responsible editor: Li Xuefeng

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