Securities and futures investment consulting institutions have one of the following acts, and the local securities regulatory bureau shall impose a fine of 1 10,000 yuan but not more than 50,000 yuan; If the circumstances are serious, the local securities regulatory bureau shall report to the China Securities Regulatory Commission, and the China Securities Regulatory Commission shall suspend or revoke its business qualification:

(1) There are false statements or major omissions in the documents and materials submitted to the securities regulatory authorities;

(2) Failing to perform the reporting and annual inspection obligations in accordance with the provisions of these Measures;

(3) Failing to go through the formalities for changing the relevant information of this institution in accordance with the provisions of these Measures;

(4) The securities and futures investment consultant of this institution violates the provisions of these Measures and is subject to administrative punishment by the securities regulatory department;

(5) Interfering with or obstructing the inspection and investigation by the local securities regulatory bureau, or concealing or destroying evidence. These Measures shall come into force on 1 April 19981day.