All transactions conducted on the Exchange shall abide by these Provisions. Chapter II Board of Supervisors Article 6 The Board of Supervisors of the Exchange is composed of representatives and experts from relevant government departments hired by Shenzhen Trade Development Council. Article 7 The duties of the Board of Supervisors are as follows:
(1) To supervise and inspect the management and trading activities of the Exchange in accordance with national laws, regulations and these Provisions;
(two) to make suggestions on the management of the exchange;
(three) regularly listen to the work report of the exchange to understand its financial situation;
(four) to accept complaints from members and customers, and to stop price manipulation and illegal trading in the trading market. Chapter III Board of Directors Article 8 The Shenzhen Nonferrous Metals Exchange and Shenzhen Stock Exchange shall establish a board of directors.
The board of directors is the highest decision-making body of Shenzhen Nonferrous Metals Exchange and Shenzhen Futures Exchange, with two executive committees to manage the two exchanges respectively. The Board of Directors is mainly responsible for the major principles and macro-management decisions of the two exchanges, and the Executive Committee of the Board of Directors is responsible for the specific management and business decisions of the two exchanges respectively. Article 9 The functions of the Council are as follows:
(a) accept the leadership of the competent department of futures trading and implement the resolutions of the general meeting of members;
(2) To formulate and amend the articles of association of the exchange, and put forward suggestions on amending the management measures, trading rules and other rules of the exchange;
(three) review the membership, and approve the application for membership and withdrawal;
(4) Appointing the president, vice president and other senior management personnel of the Exchange;
(5) Reviewing the annual work report and financial budget report of the Exchange, and formulating the medium and long-term planning of the Exchange and other major issues;
(6) Appointing non-member directors;
(7) To make resolutions on the division, merger, termination and liquidation of the Exchange. Article 10 All directors have the obligation to strictly abide by the resolutions of the board of directors, and all acts that violate the resolutions of the board of directors are invalid. Article 11 An exchange shall implement the president responsibility system under the leadership of the board of directors, and the president is the legal representative of the exchange. Article 12 In order to strengthen the self-discipline and management of the exchange, the board of directors shall set up special committees such as membership examination, trading behavior management and arbitration as required. Responsible for reviewing the membership of the applicant, supervising the trading activities of the exchange and handling trading disputes. The working rules of the special committees shall be formulated by the Exchange. Chapter IV Membership and General Meeting Article 13 The Exchange adopts the membership system. Article 14 To apply for becoming a member of an exchange, the following conditions shall be met:
(1) Having the qualification of an enterprise legal person;
(2) Having a fixed place with a registered capital of not less than 2 million yuan;
(3) Abide by the laws and regulations of People's Republic of China (PRC) and Shenzhen Special Economic Zone;
(4) Having a good business reputation. Article 15 A legal person who recognizes the articles of association and trading rules of an exchange and meets the conditions stipulated in the preceding article may apply to one exchange for membership of one exchange, or apply to two exchanges separately, and become a member of both exchanges after approval by the board of directors. Article 16 Exchange members shall enjoy the following rights:
(1) Have the right to participate in the on-site transactions of the Exchange and enjoy the right to use public facilities in the Exchange;
(2) Have the right to attend the general meeting of members, listen to and consider the work report of the Exchange, and have the right to suggest, criticize, supervise and vote on major issues of the Exchange;
(three) have the right to transfer the membership seat, but must submit a written application to the Council, after examination and approval, can be transferred;
(4) Having the right to vote and be elected to the special committees of the exchange;
(5) Freedom to quit the meeting.
Exchange members shall perform the following obligations:
(a) consciously implement the relevant laws and regulations of the state and these Provisions;
(2) Strictly abide by the articles of association and trading rules of the Exchange and accept the management and supervision of the Exchange;
(3) Paying membership fees, transaction fees, risk funds and transaction deposits in accordance with regulations;
(four) must complete a certain amount of transactions in accordance with the provisions;
(5) When the legal representative of a member unit changes or changes its business premises, it shall report to the Exchange in a timely manner. Seventeenth member units to enter the market transactions must be entrusted to the city representative, the city representative must be trained and qualified. Personnel who have not obtained the qualification of city representative shall not enter the market for trading. Article 18 The trading behavior of market representatives in the exchange shall be authorized by the member units and be responsible to the member units. Article 19 The exchange implements the self-discipline management of members, and the general meeting of members is the highest authority of the exchange. The general meeting of members shall be held once a year, and shall be convened by the chairman in accordance with the articles of association. When the chairman thinks it is necessary or more than one third of the members jointly request it, an interim general meeting can be held.