Article 44 A direct investment subsidiary shall report to the Association within five working days after completing industrial and commercial registration, and disclose its name, registered place, registered capital, business scope, legal representative, senior management personnel and institutional arrangements for preventing risk transfer and interest conflict with the direct investment subsidiary on the website of the securities company. When the above situation changes, the direct investment subsidiary shall update it in time and report to the association. Forty-fifth direct investment subsidiaries shall submit monthly reports to the association within seven working days after the end of each month. The contents of the monthly report shall include the business and financial status of direct investment subsidiaries and their subsidiaries, direct investment funds, etc. Article 46 A direct investment subsidiary shall submit an annual report to the Association within four months after the end of each fiscal year. In addition to the business and financial status, the annual report shall also include the internal control, compliance management and personnel management of direct investment subsidiaries and their subsidiaries, direct investment funds, etc. Forty-seventh direct investment subsidiaries and their subsidiaries, direct investment funds in the process of major events, direct investment subsidiaries shall report to the association within two working days. Article 48 A direct investment subsidiary shall establish a rapid response mechanism for public opinion monitoring and market queries, timely analyze and judge public opinions and market queries related to direct investment business, and conduct self-inspection. If problems or deficiencies are found in self-examination, effective measures shall be taken in time to correct and rectify them, and relevant information shall be reported to the association in time and explained to the public. Article 49 The Association shall conduct practice inspection on the business activities of securities companies, direct investment subsidiaries and their subordinate institutions, direct investment funds and direct investment practitioners in accordance with these Standards. Article 50 If a securities company, its direct investment subsidiaries, subsidiaries and direct investment funds violate these Standards, the association shall take self-discipline management measures or disciplinary actions such as talking reminder, warning, ordering rectification, informed criticism in the industry, and public condemnation. Deal with securities companies and direct investment subsidiaries as appropriate, and record them in the integrity file. Fifty-first direct investment practitioners in violation of this code, the association will take appropriate self-discipline management measures or disciplinary actions such as conversation reminder, warning, industry informed criticism, public condemnation. For direct investment employees, it is recorded in the credit files of direct investment employees.