Law on the Implementation of the Investor Suitability System for Stock Index Futures (for Trial Implementation) Article 1 In order to ensure the stable, standardized and healthy operation of the stock index futures market, prevent risks and protect the legitimate rights and interests of investors, According to the Regulations on the Administration of Futures Trading, the Law on the Administration of Futures Exchanges, the Law on the Administration of Futures Companies, the Provisions on Establishing the Suitability System for Stock Index Futures Investors (for Trial Implementation) and other administrative regulations and Article 2 of China Financial Futures Exchange (hereinafter referred to as the Exchange), members of futures companies shall, in accordance with the relevant provisions of China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) and the requirements of this law, Evaluate investors' product awareness and risk tolerance, carefully select appropriate investors to participate in stock index futures trading, strictly implement the requirements of the stock index futures investor suitability system (hereinafter referred to as the investor suitability system), and establish a customer management and service system with knowing customers and classified management as the core. Article 3 Investors shall, according to the requirements of the investor suitability system, comprehensively evaluate their own economic strength, product awareness, risk control and tolerance, and prudently decide whether to participate in stock index futures trading. Article 4 A member of a futures company can only apply for opening a stock index futures trading code for natural person investors who meet the following criteria: (1) When applying for opening an account, the balance of available funds in the margin account shall not be less than RMB 500,000; (2) Having the basic knowledge of stock index futures and passing relevant tests. (3) There are records of more than 20 stock index futures simulation transactions for 10 trading days, or there are records of more than 10 commodity futures transactions in the last three years; (4) No serious bad credit record; There are no laws, administrative regulations, rules and business rules of the exchange to prohibit or restrict the trading of stock index futures. In addition to auditing investors according to the above standards, members of futures companies should also make a comprehensive evaluation of investors' basic situation, relevant investment experience, financial status and credit status in accordance with the operating guidelines for investor suitability system formulated by the Exchange, and may not apply for share price index futures trading codes for investors whose comprehensive evaluation scores are lower than the prescribed standards. Article 5 A member of a futures company can only apply for opening a stock index futures trading code for general legal person investors who meet the following criteria: (1) The net assets shall not be less than RMB 6,543.8+0,000 yuan; (2) When applying for opening an account, the balance of available funds in the margin account shall not be less than RMB 500,000; (3) Having the corresponding decision-making mechanism and operation flow; (4) Relevant business personnel have basic knowledge of stock index futures and have passed relevant tests; (5) Having trading records of more than 20 stock index futures simulation transactions for a total of 65,438+00 trading days; Or there have been more than 10 commodity futures transactions in the last three years; (6) Having no serious bad credit record; There are no laws, administrative regulations, rules and business rules of the exchange to prohibit or restrict the trading of stock index futures. Where a member of a futures company applies to open a stock index futures trading code for other economic organizations, it shall be implemented with reference to this article. Article 6 A member of a futures company can only apply for opening a stock index futures trading code for a special legal person investor who is engaged in stock index futures trading with the approval of the regulatory body or the competent authority. Article 7 The Exchange may adjust the investor suitability standards according to market conditions. Article 8 A member of a futures company shall, in accordance with the relevant provisions of the China Securities Regulatory Commission, this Law and the operating guidelines for the investor suitability system formulated by the Exchange, formulate the implementation plan of this institution, establish relevant working systems, and improve the internal division of labor and business processes. Article 9 A member of a futures company shall establish and effectively implement the responsibility system for customer development, and clarify the responsibilities of senior managers, business department heads, business department heads, auditors, account holders and customer developers. Article 10 When handling stock index futures account business, members of a futures company shall timely report the implementation plan of the investor suitability system and related work systems to the Exchange for the record. If the Exchange has no objection, the members of the futures company may apply for opening the trading code of stock index futures for investors. Article 11 Members of a futures company shall fully disclose the risks of stock index futures to investors, comprehensively and objectively introduce the laws, regulations, business rules and product characteristics of stock index futures, strictly verify investors' funds, simulated trading experience of stock index futures and trading experience of commodity futures, test investors' basic knowledge of stock index futures, carefully evaluate investors' credit status and risk tolerance, and carefully examine investors' application materials for opening an account. Article 12 A member of a futures company shall urge its customers to abide by the laws, administrative regulations, rules and business rules of the exchange related to stock index futures trading, continuously carry out risk education, and strengthen the legal and compliance management of customers' trading behavior. Article 13 A member of a futures company shall establish a customer data file, which shall be kept confidential for customers except for investigation and inspection according to law. Article 14 A member of a futures company shall provide reasonable complaint channels for customers, inform them of the ways and procedures of complaint, properly handle disputes, and urge them to safeguard their rights and interests according to law. Article 15 Where a member of a futures company entrusts a securities company with intermediary business qualifications to assist in the account opening procedures, it shall establish business docking rules with the securities company, implement the relevant requirements of the investor suitability system, and examine the relevant business of the securities company. Article 16 An investor shall truthfully declare the materials for opening an account, and shall not evade the requirements of the investor suitability system by means of false declaration. Article 17 Investors shall follow the principle of "buying and selling at their own risk" and undertake the performance responsibility of stock index futures trading, and shall not refuse to undertake the performance responsibility of stock index futures trading on the grounds that they do not meet the investor's suitability standards. Article 18 Investors shall safeguard their legitimate rights and interests through proper channels. When safeguarding their legitimate rights and interests, investors shall abide by the relevant provisions of laws and regulations, and shall not infringe upon the interests of the state, society, collective and the legitimate rights and interests of others, and shall not disturb public order, the work order of exchanges and relevant units. Article 19 When the Exchange checks the implementation of the relevant requirements of the investor suitability system by the members of the futures company, the members of the futures company shall cooperate with each other and truthfully provide information such as the investor's account opening information and capital account, and shall not conceal, hinder or refuse. If the Exchange finds that there are irregularities in the securities companies engaged in intermediary business during the inspection, it shall conduct necessary extended inspections and notify the relevant dispatched offices of the China Securities Regulatory Commission of the relevant irregularities. Article 20 For futures company members who have violated or may violate the investor suitability system, the Exchange may take regulatory measures such as meeting and talking, ordering to attend training, increasing the number of self-inspections on internal control and compliance, verbal warning, written warning, ordering to punish responsible personnel, explaining the situation within a time limit, special investigation, suspension of acceptance or related business. Article 21 If a member of a futures company violates the investor suitability system, the Exchange may take measures such as ordering rectification, reminding by conversation, giving a written warning, informed criticism, publicly condemning, suspending accepting applications for new trading codes, suspending or restricting business, adjusting or canceling membership. If the circumstances are serious, the Exchange may propose administrative punishment or disciplinary action to the China Securities Regulatory Commission and the China Futures Association. Article 22 If a member of a futures company is responsible for the violation, the exchange may take measures such as informed criticism, public condemnation, suspension of engaging in futures business of the exchange, and disqualification from engaging in futures business of the exchange. If the circumstances are serious, the Exchange may propose to the China Securities Regulatory Commission and the China Futures Association administrative penalties or disciplinary sanctions such as revocation of post qualifications and disqualification. Article 23 The term "special legal persons" as mentioned in this Law includes securities companies, fund companies, qualified foreign institutional investors and other legal persons who can participate in stock index futures trading with the approval of regulatory agencies or competent departments. A general legal person refers to a legal person other than a special legal person. Article 24 The Exchange shall be responsible for the interpretation of this Law. Article 25 This Law shall come into force as of the date of promulgation.