Announcement of the China Securities Regulatory Commission [2014] No.51 - Guidelines for the Operation of Publicly Offered Securities Investment Funds No.1 - Guidelines for Commodity Futures Exchange-traded Funds
Announcement of the China Securities Regulatory Commission [2014] No.51 - Guidelines for the Operation of Publicly Offered Securities Investment Funds No.1 - Guidelines for Commodity Futures Exchange-traded Funds
Announcement of the China Securities Regulatory Commission [2014] No.51 - Guidelines for the Operation of Publicly Offered Securities Investment Funds No.1 - Guidelines for Commodity Futures Exchange-traded Funds
Announcement of the China Securities Regulatory Commission [2014] No.51
December 16, 2014
The Guidelines for the Operation of Publicly Offered Securities Investment Funds No.1 - Guidelines for Commodity Futures Exchange-traded Funds are hereby promulgated and shall come into force as of the date of promulgation.
Guidelines for the Operation of Publicly Offered Securities Investment Funds No.1 - Guidelines for Commodity Futures Exchange-traded Funds
Article 1 With a view to promoting the innovation and development of the securities investment funds, regulating the operation of commodity futures exchange-traded securities investment funds (hereinafter referred to as the "Commodity Futures ETF") and protecting the legitimate rights and interests of investors, the Guidelines for the Operation of Publicly Offered Securities Investment Funds No.1 - Guidelines for Commodity Futures Exchange-traded Funds (hereinafter referred to as the "Guidelines") are formulated in accordance with the Law on Securities Investment Funds, the Administrative Measures for the Operation of Publicly Offered Securities Investment Funds and other relevant laws and regulations.
Article 2 The term "Commodity Futures ETF" refers to the open-ended fund subscribed for or redeemed, under the commodity futures contract portfolio or in the way agreed in the fund contract, and listed on the stock exchange for trading, with the commodity futures contract held as the dominant strategy, under which the commodity futures are traded on the commodity futures trading exchange established upon approved of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), aiming at tracking the price or price index of the commodity futures.
Article 3 Except as otherwise required by the CSRC or save for the special categories of funds approved by the CSRC to be registered, the Commodity Futures ETF shall comply with the following provisions:
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