1. Delete “Interim” from the title and amend it to “Administrative Measures for Futures Investors’ Protection Fund”.
2. Amend Article 4 to read: "The protection fund shall be raised in accordance with the principle of taking it from the market and using it for the market. The scale of the protection fund shall be compatible with the development status of the futures market and the level of market risk." 3. Change the ninth
Item (1) of the second paragraph of Article 2 is modified to read: “The futures exchange shall pay a certain proportion of the transaction fees it collects from futures company members”, and item (2) is modified to: “The futures company collects transaction fees from its members.”
The fee is paid according to a certain proportion of the agency transaction amount."
At the same time, a new paragraph is added as the third paragraph: "The subsequent capital payment ratio of the guarantee fund shall be determined by the China Securities Regulatory Commission and the Ministry of Finance, and may be adjusted according to the development status of the futures market, market risk levels, etc." IV.
Article 10 is revised to read: "Futures exchanges and futures companies shall pay the security fund on an annual basis. The futures exchange shall pay the security fund that should be paid in the previous year within 30 working days after the end of each year, and shall pay the security fund in accordance with the provisions of the China Securities Regulatory Commission and
The Ministry of Finance shall withhold and remit the security funds that futures companies shall pay in proportion to the amount determined by the Ministry of Finance.” 5. Amend Article 11 to read: “In any of the following circumstances, with the approval of the China Securities Regulatory Commission and the Ministry of Finance, futures exchanges and
The company can suspend the payment of the protection fund: "(1) The total amount of the protection fund is sufficient to cover the market risk; (2) The futures exchange and futures company suffer from major unexpected market risks or force majeure. "After the current situation is eliminated, the China Securities Regulatory Commission,
Payment shall be resumed with the approval of the Ministry of Finance.
"6. Add one article as Article 12: "For newly established futures companies, the income from brokerage business shall be included in the scope of payment of the security fund; if the company ceases operations, it shall notify the futures exchange and pay the amount due for that year.
Protection fund shares are withheld.
7. Change Article 25 to Article 26, and amend it to read: "If a futures company has a margin gap due to serious violations of laws and regulations or poor risk control, the China Securities Regulatory Commission shall, in accordance with Article 6 of the "Regulations on the Administration of Futures Trading,"
Article 16 and Article 67 impose penalties and revoke the futures business license.
Those suspected of committing crimes will be transferred to judicial authorities in accordance with the law.
8. Change Article 26 to Article 27, and amend it to read: “Futures exchanges and futures companies violate the provisions of these Measures by delaying or refusing to pay the security fund and failing to preserve and submit relevant information as required.
and information, the China Securities Regulatory Commission will impose penalties in accordance with Articles 64 and 66 of the "Regulations on the Administration of Futures Trading".
"9. This decision will come into effect 30 days after the date of promulgation. The "Interim Measures for the Management of Futures Investor Protection Funds" will be revised accordingly according to this decision and the order of the provisions will be adjusted accordingly and re-announced.