The China Securities Regulatory Commission Issues Implementation Rules for Supervision and Administration Measures in the Securities and Futures Markets, Clarifying the Principles for Implementing Regulatory Measures
The China Securities Regulatory Commission (CSRC) has issued the "Implementation Measures for Supervision and Administration of the Securities and Futures Markets." The "Implementation Measures" consist of 25 articles and clarify the types of regulatory measures. They list 14 commonly used measures, including orders to rectify, regulatory interviews, issuance of warning letters, and orders to submit periodic reports, and include "other supervisory and regulatory measures prescribed by laws, administrative regulations, and CSRC rules" as a catch-all provision. The Implementation Measures also clarify the principles for implementing regulatory measures. The implementation of regulatory measures shall adhere to the principles of legality, efficiency, and fairness; shall comply with the procedures prescribed by laws, administrative regulations, and CSRC rules; shall promptly rectify illegal acts; and shall prevent the spread of risks and the proliferation of harmful consequences. combine risk prevention and control with education, be based on facts, and be commensurate with the nature, circumstances, and severity of the violation, as well as the magnitude of the risk.
Source:富途快讯 · Source Link
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