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Is it correct for the futures exchange to formulate or modify its articles of association and trading rules with the approval of China Futures Association?
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Article 13 of the Regulations on the Administration of Futures Trading stipulates that a futures exchange shall obtain the approval of the futures regulatory authority of the State Council for the following matters: ① to formulate or amend the articles of association and trading rules; 2 varieties listed, suspended, cancelled or resumed; (3) Other matters as stipulated by the the State Council Futures Regulatory Authority.