State Council, Regulations for the Administration of Futures Trading

国务院期货交易管理条例

September 02, 2007 | BY

clpstaff &clp articles &

China to develop financial futures and options.

Clp Reference: 3700/07.03.06 Promulgated: 2007-03-06 Effective: 2007-04-15

Promulgated: March 6 2007
Effective: April 15 2007

Applicability: These Regulations apply to work units and persons engaging in futures trading, including trading of commodity or financial futures or options contracts, and related activities (Article 2).

Main Contents: The Regulations is a revision of the one promulgated in 1999. They expand their scope of governance from just commodity futures contracts to financial futures contracts and options contracts (Article 2). They also allow futures trading in a trading venue approved by the State Council's futures regulatory authority other than a futures exchange (Article 4). The former futures brokerages are now renamed as futures companies, and futures companies are defined as financial institutions.

Related Legislation: PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p.21

Full Translation: See page 68

clp reference:3700/07.03.06prc reference:国务院令第 489 号promulgated:2007-03-06effective:2007-04-15

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