Administrative Regulations on Futures Trading (Revised in 2017)
Administrative Regulations on Futures Trading (Revised in 2017)
Administrative Regulations on Futures Trading (Revised in 2017)
Order of the State Council of the People's Republic of China No.676
March 1, 2017
(Promulgated by the Order of the State Council of the People's Republic of China No.489 on March 6, 2007; revised for the first time in accordance with the Decision of the State Council on Revising the Administrative Regulations on Futures Trading on October 24, 2012; revised for the second time according to the Decision of the State Council on Abolishing and Revising Some Administrative Laws and Regulations on July 18, 2013; revised for the third time in accordance with the Decision of the State Council on Revising Certain Administrative Regulations on February 6, 2016; and revised for the fourth time in accordance with the Decision of the State Council on Revising and Repealing Certain Administrative Regulations on March 1, 2017)
Chapter I General Provisions
Article 1 These Regulations are formulated for the purposes of regulating futures trading, strengthening the supervision over and administration of futures trading, maintaining the order of futures market, preventing risks, protecting the lawful rights and interests of all futures trading parties involved and public interests and promoting positive and steady development of the futures market.
Article 2 Any entity or individual that engages in futures trading or related activities shall abide by these Regulations.
For the purposes of the Regulations, the term of futures trading shall refer to the trading that is conducted by means of public centralized trading or in any other manner as may be approved by the futures regulatory authority under the State Council, and takes futures contract or option contract as the subject matter of trading.
For the purposes of the Regulations, the term of futures contract shall refer to a standardized contract that is formulated in a uniform manner by the futures exchange for delivering a specific amount of subject matter on a stipulated future date at a specified location. A futures contract includes commodity futures contract, financial futures contract and other futures contracts.
For the purposes of the Regulations, the term of option contract shall refer to a standardized contract that is formulated in a uniform manner by the futures exchange and specifies that the buyer is entitled to buy or sell the specified subject matter (including the futures contract) at a specific price on a stipulated future date.
Article 3 To conduct futures trading, one shall follow the principles of openness, fairness, justice, and good faith.
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Order of the State Council of the People's Republic of China No.676
March 1, 2017
(Promulgated by the Order of the State Council of the People's Republic of China No.489 on March 6, 2007; revised for the first time in accordance with the Decision of the State Council on Revising the Administrative Regulations on Futures Trading on October 24, 2012; revised for the second time according to the Decision of the State Council on Abolishing and Revising Some Administrative Laws and Regulations on July 18, 2013; revised for the third time in accordance with the Decision of the State Council on Revising Certain Administrative Regulations on February 6, 2016; and revised for the fourth time in accordance with the Decision of the State Council on Revising and Repealing Certain Administrative Regulations on March 1, 2017)
Chapter I General Provisions
Article 1 These Regulations are formulated for the purposes of regulating futures trading, strengthening the supervision over and administration of futures trading, maintaining the order of futures market, preventing risks, protecting the lawful rights and interests of all futures trading parties involved and public interests and promoting positive and steady development of the futures market.
Article 2 Any entity or individual that engages in futures trading or related activities shall abide by these Regulations.
For the purposes of the Regulations, the term of futures trading shall refer to the trading that is conducted by means of public centralized trading or in any other manner as may be approved by the futures regulatory authority under the State Council, and takes futures contract or option contract as the subject matter of trading.
For the purposes of the Regulations, the term of futures contract shall refer to a standardized contract that is formulated in a uniform manner by the futures exchange for delivering a specific amount of subject matter on a stipulated future date at a specified location. A futures contract includes commodity futures contract, financial futures contract and other futures contracts.
For the purposes of the Regulations, the term of option contract shall refer to a standardized contract that is formulated in a uniform manner by the futures exchange and specifies that the buyer is entitled to buy or sell the specified subject matter (including the futures contract) at a specific price on a stipulated future date.
Article 3 To conduct futures trading, one shall follow the principles of openness, fairness, justice, and good faith.
......