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China's securities regulator revises futures company rules, splitting business into basic and trading categories
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On September 11, the China Securities Regulatory Commission (CSRC) issued the revised Measures for the Supervision and Administration of Futures Companies. The updated rules categorize futures companies' businesses into two types: basic services, which include domestic futures brokerage and futures trading consulting; and transactional services, which encompass futures market-making, futures asset management, and derivatives trading. The Measures further refine regulatory requirements concerning the establishment, modification, and business access of futures companies. To facilitate implementation, the CSRC also released an Implementation Announcement that details administrative licensing procedures for futures companies seeking to add new businesses, clarifies the application of regulatory rules to overseas subsidiaries of futures companies, and outlines transitional arrangements for related businesses. The announcement reflects the CSRC's ongoing efforts to strengthen oversight and standardize operations within China's futures market.
Source report
On September 11, the China Securities Regulatory Commission (CSRC) issued the Measures for the Supervision and Administration of Futures Companies.
The revised Measures categorize futures companies' businesses into two main types:
- Basic services: Domestic futures brokerage and futures trading consulting
- Trading-related services: Futures market-making, futures asset management, and derivatives trading
The Measures further refine regulatory requirements concerning the establishment, modification, and business access of futures companies.
To ensure the effective implementation of the revised Measures, the CSRC simultaneously released an Implementation Announcement. This announcement sets out provisions on:
- Administrative licensing matters for futures companies applying to add relevant businesses
- The application of regulatory rules to overseas subsidiaries of futures companies
- Transitional arrangements for related businesses
Source
thsEastern