Chapter I General Provisions Article 1 In order to strengthen the management of futures exchanges, clarify powers and responsibilities, guard against market risks and maintain the normal order of the futures market, these Measures are formulated in accordance with the Provisional Regulations on the Administration of Futures Trading. Article 2 These Measures shall apply to futures exchanges established within the territory of People's Republic of China (PRC). Article 3 A futures exchange refers to a legal person established in accordance with the Provisional Regulations on the Administration of Futures Trading and these Measures, which is not for profit, performs the functions stipulated in the Provisional Regulations on the Administration of Futures Trading and these Measures, and implements self-discipline management in accordance with its articles of association. Article 4 China Securities Regulatory Commission (hereinafter referred to as "China Securities Regulatory Commission") shall exercise centralized and unified supervision and management over futures exchanges according to law. Chapter II Establishment, Change and Termination Article 5 The establishment of a futures exchange shall be examined and approved by the China Securities Regulatory Commission. Without approval, no unit or individual may set up a futures exchange or set up a futures exchange in disguise.

The name of a futures exchange shall be marked with the words commodity exchange or futures exchange. No other unit or individual may use commodity exchanges, futures exchanges or similar names. Article 6 The registered capital of a futures exchange is divided into equal membership fees, which shall be subscribed by members.

The rights and interests of the futures exchange shall be enjoyed by all members and shall not be accumulated and distributed to members during its existence. Article 7 A futures exchange shall perform the following duties:

(1) Providing places, facilities and related services for futures trading;

(two) to formulate and implement the business rules of the futures exchange;

(3) Designing futures contracts and arranging the listing of futures contracts;

(4) Organizing and supervising futures trading, settlement and delivery;

(5) Formulate and implement a risk management system to control market risks.

(six) to ensure the performance of futures contracts;

(seven) release market information;

(eight) to supervise the futures business of members and check the illegal acts of members;

(9) Supervising the futures business of designated delivery warehouses;

(ten) other functions stipulated by the China Securities Regulatory Commission. Article 8 A futures exchange shall not engage in trust investment, stock trading, non-self-use real estate investment and other businesses unrelated to its functions; In addition to providing performance guarantee for the performance of futures contracts, no guarantee shall be provided for other units or individuals; No words and materials for forecasting futures prices may be published.

It is forbidden for futures exchanges to directly or indirectly participate in futures trading. Article 9 To apply for the establishment of a futures exchange, the following documents and materials shall be submitted to the China Securities Regulatory Commission:

(1) an application;

(2) Draft articles of association and trading rules;

(3) the business plan of the futures exchange.

(4) List of members joining the Exchange;

(5) List of candidates for directors and their resumes;

(6) Site, equipment, capital documents and materials;

(seven) the list of senior managers to be appointed and their resumes;

(eight) other documents and materials required by the China Securities Regulatory Commission. Article 10 The articles of association of a futures exchange shall specify the following items:

(a) The purpose and functions of the institution;

(2) Name, domicile and business premises;

(3) The registered capital and the amount of contributions made by members;

(4) business term;

(5) Obtaining membership;

(6) Rights and obligations of members;

(seven) the establishment, functions and rules of procedure of the organization;

(eight) the emergence, appointment and removal of managers and their responsibilities;

(9) Basic business rules;

(10) Risk reserve management system;

(eleven) financial accounting and internal audit system;

(12) Conditions, procedures and liquidation methods for alteration and termination;

(13) Procedures for amending the Articles of Association;

(fourteen) other matters that need to be stipulated in the articles of association. Article 1 1 The trading rules of a futures exchange shall specify the following items:

(1) trading places and time;

(2) Listed varieties and futures contracts;

(3) Procedures for suspension, resumption and cancellation of futures contract trading.

(four) the trading hall management system;

(5) Rules on brokerage and proprietary business;

(6) Risk control system and abnormal transaction handling procedures;

(7) Futures settlement and delivery system;

(eight) the management and use of the deposit system;

(9) Measures for the release of futures trading information.

(ten) violations, breach of contract and their handling methods;

(eleven) the way to deal with the transaction dispute;

(twelve) other matters that need to be stipulated in the trading rules. Article 12 The merger and division of a futures exchange shall be approved by the China Securities Regulatory Commission.

There are two ways to merge futures exchanges: absorption merger and new merger; Before the merger, the creditor's rights and debts of all parties shall be inherited by the surviving or newly established futures exchange after the merger.

Where a futures exchange is divided, its creditor's rights and debts shall be inherited by the divided futures exchange. Thirteenth without the approval of the China Securities Regulatory Commission, the futures exchange shall not set up branches or any other futures trading places. Article 14 Futures trading shall be reported to the China Securities Regulatory Commission for approval under any of the following circumstances:

(a) change the name;

(2) Change of domicile or business premises;

(3) Other changes stipulated by the China Securities Regulatory Commission.