China Securities Regulatory Commission, Tentative Measures for the Administration of the Futures Investor Protection Fund
中国证券监督管理委员会期货投资者保障基金管理暂行办法
June 02, 2007 | BY
clpstaff &clp articlesThe futures investor protection fund may grant full compensation for losses of Rmb 100,000 or below.
Promulgated: April 19 2007
Effective: August 1 2007
Applicability: The term "futures investor protection fund" refers to a special fund for compensating investors' margin losses when futures companies experience a margin shortfall due to a material breach of laws or regulations or inadequate risk control, etc., that may seriously jeopardize social stability and futures market security (Article 2).
Main Contents: The start-up funds for the futures investor protection fund are formed from 15% of the total amount accumulated in the risk reserve account of the futures exchange up to December 31 2006. Sources of subsequent funds for the futures investor protection funds include:
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