Guidelines for Regulation of Risk Funds of Stock Exchanges
Guidelines for Regulation of Risk Funds of Stock Exchanges
Guidelines for Regulation of Risk Funds of Stock Exchanges
Announcement of the China Securities Regulatory Commission [2019] No.14
September 12, 2019
The Guidelines for Regulation of Risk Funds of Stock Exchanges are hereby promulgated for implementation as of the date of promulgation.
Guidelines for Regulation of Risk Funds of Stock Exchanges
Article 1 These Guidelines are hereby formulated in accordance with the Securities Law, the Administrative Measures for Stock Exchanges and the Interim Administrative Measures for Risk Funds of Stock Exchanges (the "Administrative Measures for Risk Funds") in order to further improve the management mechanism for risk funds of stock exchanges, enhance the use efficiency and management level of funds, and raise the efficiency of risk disposition of stock exchanges.
Article 2 For the purpose of these Guidelines, risk funds of stock exchanges (the "risk funds") refer to the special funds established by stock exchanges in accordance with the Administrative Measures for Risk Funds for making up for the major economic losses of stock exchanges, and preventing major risk accidents relating to the business activities of stock exchanges so as to ensure the normal securities trading activities.
Article 3 A stock exchange shall formulate special administrative measures for risk funds.
Administrative measures shall include provisions on the body in charge of routine management of risk funds and its concrete responsibilities, inspections conducted by the supervision board to look at the use of risk funds, and specific management approaches.
Article 4 A stock exchange shall submit, within ten working days after the use of risk funds each time, a report on such use to the China Securities Regulatory Commission ("CSRC").
The report on use of risk funds shall cover:
1.
......
Announcement of the China Securities Regulatory Commission [2019] No.14
September 12, 2019
The Guidelines for Regulation of Risk Funds of Stock Exchanges are hereby promulgated for implementation as of the date of promulgation.
Guidelines for Regulation of Risk Funds of Stock Exchanges
Article 1 These Guidelines are hereby formulated in accordance with the Securities Law, the Administrative Measures for Stock Exchanges and the Interim Administrative Measures for Risk Funds of Stock Exchanges (the "Administrative Measures for Risk Funds") in order to further improve the management mechanism for risk funds of stock exchanges, enhance the use efficiency and management level of funds, and raise the efficiency of risk disposition of stock exchanges.
Article 2 For the purpose of these Guidelines, risk funds of stock exchanges (the "risk funds") refer to the special funds established by stock exchanges in accordance with the Administrative Measures for Risk Funds for making up for the major economic losses of stock exchanges, and preventing major risk accidents relating to the business activities of stock exchanges so as to ensure the normal securities trading activities.
Article 3 A stock exchange shall formulate special administrative measures for risk funds.
Administrative measures shall include provisions on the body in charge of routine management of risk funds and its concrete responsibilities, inspections conducted by the supervision board to look at the use of risk funds, and specific management approaches.
Article 4 A stock exchange shall submit, within ten working days after the use of risk funds each time, a report on such use to the China Securities Regulatory Commission ("CSRC").
The report on use of risk funds shall cover:
1.
......