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China Foundation Association revise self-discipline rules

The revised self-discipline rules of the China Fund Management Association are as follows: 1. Establish professional ethics: The rules require fund practitioners to abide by professional ethics and not engage in illegal activities to maintain the reputation and image of the industry.

2. Clarify the requirements for professional conduct: The rules clearly stipulate the professional conduct of fund practitioners, including that they are not allowed to trade using undisclosed information, are not allowed to engage in insider trading, and are not allowed to take advantage of their positions for personal gain, etc.

3. Strengthen self-discipline management: The rules stipulate the self-discipline management requirements for fund practitioners, including the implementation of self-discipline management measures and disciplinary measures for practitioners, and consolidating the main responsibilities of the management of practitioners.

4. Improve the qualification management of practitioners: The rules clearly stipulate the qualification management of fund practitioners, including the acquisition, maintenance and cancellation of practitioner qualifications.

5. Strengthen interim and ex-post supervision: The rules require strengthening daily supervision of fund practitioners, investigating and punishing violations, and improving and disclosing integrity files and professional behavior records.

The impact of China Fund Management Association’s revision of self-regulatory rules 1. Standardizing market order: Revising self-regulatory rules will help regulate the order of the fund market, reduce market chaos and bad behavior, and improve market transparency and fairness.

This will help enhance investor confidence and provide guarantee for the healthy development of the fund industry.

2. Improve the quality of practitioners: The revised self-discipline rules clearly stipulate and require the qualifications, professional behavior, and professional ethics of practitioners, which will help improve the professional quality and professional level of practitioners.

At the same time, this will also help improve the overall image and credibility of the fund industry.

3. Protect investors’ rights and interests: The revised self-discipline rules emphasize the protection of investors’ rights and interests, requiring practitioners to strictly abide by laws and regulations, and are not allowed to trade using undisclosed information or engage in insider trading to protect the legitimate rights and interests of investors.

This will enhance investor confidence and promote the development of the fund industry.

4. Promote industry development: Revising self-regulatory rules will help promote the healthy development of the fund industry and improve the competitiveness and innovation of the industry.

At the same time, this will also provide better support for the internationalization process of the fund industry.