“Regulations on the Implementation of the Party Commitment System for Administrative Enforcement of Securities and Futures” issued to further enhance the sense of acquisition and satisfaction of investors_ 东方 Fortune.com

On January 1, 2022, the China Securities Regulatory Commission issued the “SecuritiesProvisions on the Implementation of the Commitment System for the Parties to the Administrative Law Enforcement of Futures” (hereinafter referred to as the “Provisions”).

The China Securities Regulatory Commission stated that the drafting of the “Regulations” adhered to the following three principles: First, give full play to the characteristics of the system. Give full play to the characteristics of the party’s commitment system in administrative law enforcement, timely compensate investors for losses, and enhance the sense of acquisition and satisfaction of the investor community. The second is to proceed steadily and prudently. As for the commitment of the parties to administrative law enforcement, this new method of law enforcement is generally still advancing in accordance with the principle of steadiness and prudence. The third is to strengthen supervision and control. Establish a strict internal and external supervision and control system to clarify the division of responsibilities between the parties’ commitment to handle the department and the investigation, trial, insurance, and dispatch agencies to prevent moral hazards and conflicts of interest.

According to reports, the “Regulations” are not divided into chapters, and there are 23 articles in total.SecuritiesLaw””SecuritiesOn the basis of the Implementation Measures for the Commitment System of the Parties to the Administrative Law Enforcement of Futures, it mainly specifies the handling procedures and the management and use of commitment funds. It mainly includes the following aspects: The first is to clarify the coordination and connection mechanism between the commitment handling department and the investigation and trial department. The second is to make a clear commitment to the coordination and cooperation between the handling department and the commitment fund measurement department.Three is the ruleFixed investmentArrangements for capital compensation mechanism. The fourth is to clarify the role of the dispatched agency in the commitment of the parties involved in administrative law enforcement. The fifth is to strengthen supervision and control and strictly prevent moral hazards.

The Securities Regulatory Commission stated that the next step will be to implement the requirements of the “Regulations”, promptly respond to and solve new situations and new problems in the implementation of the securities and futures administrative law enforcement party commitment system, protect the legitimate rights and interests of investors in accordance with the law, and maintain an open, fair and just capital market. Order to promote the stable and healthy development of the capital market.

(Source: Securities Daily)

Article source: Securities Daily

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Original title: “Regulations on the Implementation of the Party Commitment System for Administrative Enforcement of Securities and Futures” issued to further enhance investors’ sense of acquisition and satisfaction