When did Li Keqiang begin to sign the the State Council Order promulgating the Measures for the Implementation of the Commitment System for the Parties in Securities and Futures Administrative Law Enforcement?
In-depth implementation of the decision-making arrangements of the CPC Central Committee and the State Council on promoting the basic system construction of the capital market and the requirements of the Securities Law, summing up the pilot experience, ensuring the open, fair and just implementation of the party commitment system in securities and futures administrative law enforcement, effectively protecting the legitimate rights and interests of investors, improving law enforcement efficiency and preventing moral hazard, and achieving good social and legal effects. It mainly stipulates the following contents: First, it clarifies the connotation and applicable principles of the party commitment system in securities and futures administrative law enforcement. It is stipulated that the parties' commitment in securities and futures administrative law enforcement means that the investigated parties promise to correct the suspected illegal acts, compensate the relevant investors for losses, and eliminate the damage or adverse effects. After the parties fulfill their commitments, the the State Council Securities Regulatory Authority terminates the case investigation and stipulates that its implementation should follow the principles of fairness, voluntariness, honesty and credibility.
The second is to stipulate the basic process of applying the parties' commitment in the administrative law enforcement of securities and futures, including application, acceptance, negotiation, determining the amount of commitment and signing the commitment recognition agreement, fulfilling the commitment recognition agreement, suspending the investigation and terminating the investigation.
Other circumstances in which the the State Council Securities Regulatory Authority considers that the commitment of the parties to administrative law enforcement is not applicable based on the principle of prudent supervision.
Legal basis: the provisions of Articles 29, 34, 35 and 37 of the Regulations on the Administration of Futures Trading on customers and futures companies. The central counterparty mentioned in the preceding paragraph refers to a legal person who intervenes in futures trading after the end of futures trading, becomes the seller of all buyers and the buyer of all sellers, and provides centralized performance guarantee for futures trading by net settlement.