The China Securities Regulatory Commission ("CSRC") on September 5 released the revised Interim Measures on the Integrity Supervision and Administration in the Securities and Futures Market (Revised in 2014) (the "Measures"), to be effective from October 15, 2014.
According to the provisions of the revised Measures, information concerning violation of laws or acting in bad faith by any individual or entity as defined in Article 8 of the Measures shall be valid for three years in the integrity archive of the individual or entity, provided that any information about an individual or entity subject to any administrative penalty, market access limitation or criminal penalty due to illegal activities in the securities and futures market or being ordered to assume a heavier civil liability for infringement or breach of contract shall be valid for five years. Information regarding violation of laws or acting in bad faith that has lapsed will not be made public as integrity information or be made available for research of integrity information, except for research of personal information applied by any citizen, legal person or other organization according to Article 16 of the Measures.