2. Different provisions: The relevant provisions of the civil law generally apply to membership futures exchanges, and the provisions of the company law first apply to corporate futures exchanges. Only when there is no provision in the company law can the provisions of the civil law be applied. ?
3. The highest authority is different: the highest authority of a member-based futures exchange is the general meeting of members, while the highest authority of a company-based futures exchange is the general meeting of shareholders. ?
4. Different permanent institutions: the permanent institution of the highest authority of a membership futures exchange is the board of directors, while the permanent institution of the highest authority of a corporate futures exchange is the board of directors.
Extended data:
Measures for the administration of futures exchanges:
1. In order to strengthen the supervision and management of futures exchanges, clarify the responsibilities of futures exchanges, maintain the order of futures markets, and promote the positive and steady development of futures markets, these Measures are formulated in accordance with the Regulations on the Administration of Futures Trading.
2. These Measures shall apply to futures exchanges established within the territory of People's Republic of China (PRC).
The term "futures exchange" as mentioned in these Measures refers to a non-profit-making legal person established in accordance with the Regulations on the Administration of Futures Trading and these Measures, performing the duties stipulated in the Regulations on the Administration of Futures Trading and these Measures, and implementing self-discipline management in accordance with the articles of association and trading rules.
4. With the approval of China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission), the futures exchange may adopt the organization form of membership system or company system.
5. The registered capital of a membership-based futures exchange is divided into equal shares, which are subscribed by members. The company-based futures exchange adopts the organizational form of joint stock limited company.
Baidu encyclopedia-futures exchange
Baidu Encyclopedia-Member System
Baidu Encyclopedia-Company System
Baidu Encyclopedia-Measures for the Administration of Futures Exchanges