Legal Analysis: In order to standardize the Internet account opening behavior of futures companies and protect the legitimate rights and interests of customers, China Futures Association recently issued the revised Rules for Internet Account Opening of Futures Companies (hereinafter referred to as the Rules), which will take effect as of the date of promulgation. The Operation Guide for Internet Account Opening of Futures Companies shall be abolished at the same time. Chapter 5, rule 26. The first chapter clarifies the basis for drafting the rules, and defines the definition and scope of application of Internet account opening. The second chapter is the basic requirements, which clarifies how futures companies implement risk disclosure, investor suitability system and anti-money laundering obligations, and requires futures companies to establish a series of internal control mechanisms related to Internet account opening; The third chapter is the specification of account opening, which introduces in detail the requirements of futures companies for internet account opening system; The fourth chapter is self-discipline management, which clarifies the reporting mechanism of futures companies' internet account opening, as well as daily self-discipline inspection and disciplinary measures for violations; The fifth chapter is the supplementary provisions.

Legal basis: Cyber Security Law of the People's Republic of China.

Article 1 This Law is formulated for the purpose of ensuring network security, safeguarding cyberspace sovereignty, national security and social interests, protecting the legitimate rights and interests of citizens, legal persons and other organizations, and promoting the healthy development of economic and social informatization.

Article 2 This Law is applicable to the construction, operation, maintenance and use of networks in People's Republic of China (PRC), as well as the supervision and management of network security.