Legal Analysis: In order to fully implement the spirit of the Fifth Plenary Session of the 19th CPC Central Committee, in accordance with the deployment of the the State Council Financial Committee of "resolutely rectifying all kinds of financial chaos, comprehensively supervising financial activities according to law and effectively preventing risks", and fulfilling the requirements of the CSRC system to play a more active role, the Association conducted in-depth industry research, fully solicited opinions from relevant parties, earnestly summed up practical experience, and drew up the draft of "Administrative Measures for Intermediaries of Futures Companies (Trial)" with reference to mature practices at home and abroad. Based on the principles of "respecting the status quo, finding out the base, problem-oriented, relying on data and standardizing management" and guided by "unified management and standardized management", the exposure draft aims to strengthen the self-discipline management of intermediary cooperation between futures companies and institutions and natural persons other than securities companies, standardize the behavior of intermediaries, protect the legitimate rights and interests of investors and promote the healthy development of the futures industry.

Legal Basis: Provisions of the Supreme People's Court on Several Issues Concerning the Trial of Futures Disputes Article 10 If a citizen or legal person is entrusted by a futures company or a customer to provide them with the opportunity to conclude a futures brokerage contract or intermediary services, the futures company or the customer shall pay remuneration to the intermediary in accordance with the agreement. The intermediary shall independently bear the civil liability arising from the intermediary brokerage relationship.