China Securities Regulatory Commission, Circular on Issues Relevant to Improving the Trading Seat System for Securities Investment Funds

中国证券监督管理委员会关于完善证券投资基金交易席位制度有关问题的通知

February 28, 2007 | BY

clpstaff &clp articles &

New regulations on the trading seat system for securities investment funds.

Clp Reference: 3700/07.02.16 Promulgated: 2007-02-16 Effective: 2007-04-01

Issued: February 16 2007
Effective: April 1 2007

Main Contents: The Circular states that different funds may share the same trading seat (Article 1). The annual commission of a fund management company from securities transactions through the trading seats of a securities company may not exceed 30% of the total commission from the securities transactions of all the funds of the fund management company in the same year (Article 2). Fund management companies may not, in any manner, promise to a securities company their funds trading volume through the securities company's trading seats (Article 3).

Repealed Legislation: The second paragraph of Article 1 of the China Securities Regulatory Commission, Circular on Issues Relevant to Strengthening the Regulation of Securities Investment Funds, 1998

clp reference:3700/07.02.16promulgated:2007-02-16effective:2007-04-01

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