Securities self-regulatory institutions are organizations that conduct self-regulatory management of securities market activities through institutional conventions, articles of association, guidelines and detailed rules. Self-regulatory organizations generally implement membership system. Eligible securities institutions and other institutions may apply to join the self-regulatory organizations as members. Such as the Securities Association and the Stock Exchange. China's self-regulatory agencies mainly include: China Securities Association, Shanghai Stock Exchange and Shenzhen Stock Exchange.

Features: 1. To provide guarantee for organizing fair centralized bidding transactions, publish real-time quotes of securities transactions, and make and publish stock market quotes according to trading days.

2. To suspend, resume or terminate the listing of stocks and corporate bonds in accordance with the provisions of laws and administrative regulations.

3. When the normal trading of securities is affected by unexpected events, the stock exchange may take technical suspension measures; The stock exchange may decide to suspend trading due to unexpected events of force majeure or to maintain the normal order of securities trading; When a stock exchange adopts technical suspension or decides to suspend trading temporarily, it must report to the China Securities Regulatory Commission in time.

4. Real-time monitoring of securities transactions in the exchange, and reporting abnormal transactions in accordance with the requirements of the the State Council Securities Regulatory Authority; Supervise the information disclosure of listed companies, and urge listed companies to disclose information timely and accurately according to law.

5. According to securities laws and administrative regulations, formulate specific rules for centralized bidding of securities, formulate rules for the management of members of stock exchanges and business rules for employees of stock exchanges, and report them to the State Council securities regulatory authority for approval.

6. Give disciplinary action to the securities traders who violate the trading rules of the stock exchange; If the circumstances are serious, its trading qualification may be revoked and it is prohibited to enter the market for securities trading.

Expansion: Concept and Establishment

Securities registration and settlement institutions are non-profit legal persons that provide centralized registration, depository and settlement services for securities transactions.

The establishment of a securities registration and settlement institution must be approved by the the State Council Securities Regulatory Authority and meet the following conditions: (1) its own funds shall be no less than 200 million yuan; (2) Having places and facilities necessary for securities registration, custody and settlement services. (three) the main management personnel and business personnel must have the qualification of securities business; (4) Other conditions as stipulated by the the State Council Securities Regulatory Authority. The name of a securities registration and settlement institution shall indicate the words securities registration and settlement.

function

Securities registration and settlement institutions shall perform the following duties: (1) to set up securities accounts and settlement accounts; (2) custody and transfer of securities. (3) the list of securities holders. (4) Clearing and settlement of securities transactions listed on the stock exchange. (5) distributing the rights and interests of securities as entrusted by the issuer. (6) Handling inquiries related to the above business; (seven) other business approved by the the State Council securities regulatory authority.

responsible

The duties of the securities registration and settlement institution include: (1) providing the list of securities holders and related materials to the securities issuer; (two) according to the results of securities registration and settlement, confirm the fact that securities holders hold securities, and provide the registration information of securities holders; (3) To ensure the truthfulness, accuracy and completeness of the register of securities holders and the registration and transfer records, and shall not forge, tamper with or destroy them. (four) the original documents of registration, custody and settlement shall be properly kept, and the important original documents shall be kept for not less than 20 years. 5. The following measures should be taken to ensure the normal operation of the business: ① having necessary service equipment and perfect data security protection measures; (2) Establish and improve business, financial and safety management systems; ③ Establish a sound risk management system.