China Securities Regulatory Commission, Trial Measures on the Futures Investment Consultancy Services of Futures Companies

中国证券监督管理委员会期货公司期货投资咨询业务试行办法

May 04, 2011 | BY

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Futures companies allowed to engage in futures investment consultancy services.

Clp Reference: 3700/11.03.23 Promulgated: 2011-03-23 Effective: 2011-05-01

Promulgated: March 23 2011
Effective: May 1 2011

Main contents: Futures companies that apply to engage in futures investment consultancy services shall fulfil the following criteria:

(1) having registered capital of at least Rmb100 million, and net capital of at least Rmb80 million;

(2) its risk monitoring indicators in the six months prior to the application date continuously comply with the regulatory requirements; and

(3) having at least one senior management officer with a history of at least three years of engaging in the futures business and the qualifications for engaging in futures investment consultancy services, and at least five members of business personnel with a history of at least two years of engaging in the futures business and the qualifications for engaging in futures investment consultancy services (Article 6).

Futures companies shall set up a management system for safeguarding against a conflict of interests and a sound mechanism for information isolation (Article 23). Matters involving a conflict of interests shall be handled in accordance with the principles of prioritising customers' interests and treating customers in a fair manner (Article 24).

Related legislation: Regulations for the Administration of Futures Trading (Revised) clp reference:3700/11.03.23promulgated:2011-03-23effective:2011-05-01

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