The new rules for connecting to brokerage transaction information systems are now in effect! Differential treatment of specific customers, etc. is clearly prohibited

The Zhitong Finance App learned that on August 28, the China Securities Association and the China Foundation Association jointly issued the “Securities Company Trading Information System Access Management Specification (Trial)”, which was officially implemented on the date of publication. The “Code (Trial)” consists of five chapters and 33 articles, covering all regulatory requirements, from subject entry and conduct prohibitions to process management and technical requirements. Among them, it is clear that securities companies should carry out transaction information system access in accordance with the law, carefully provide system access services, treat system access customers fairly, and not provide differentiated technical or business resource arrangements for specific access customers.

Compacting the main responsibility of securities companies for external system access management, requires securities companies to carry out full management, comprehensively verify investor qualification conditions, and fully verify relevant system functions; effectively perform management duties during the access process, strictly follow existing relevant regulations on transaction management in the securities market, strictly control risks, and ensure that system access remains in a compliant, safe and stable state at all times.

After the “Code” is issued, securities companies should establish and improve system access management system mechanisms as required, complete various functions of the trading system, strengthen the management of system access behavior, and effectively prevent business compliance and technical security risks. Eligible securities companies can file a filing application with the Securities Association.

The original text is as follows:

Notice on Jointly Issuing the “Securities Company Transaction Information System Access Management Specification (Trial)”

In order to strengthen the access management of securities companies' trading information systems and maintain securities market order and market fairness, the China Securities Investment Fund Industry Association and the China Securities Investment Fund Industry Association jointly drafted the “Securities Company Trading Information System Access Management Specification (Trial)”, which was reviewed and voted by the 7th meeting of the 8th China Securities Association Council and passed by a communication vote of the 4th Council of the China Securities Investment Fund Industry Association, and filed with the China Securities Regulatory Commission. It has now been released and implemented from the date of publication. The China Securities Association's “Evaluation and Certification Specification for External Access Information Systems for Securities Companies” (China Securities Cooperation Development (2015) No. 124) (issued and came into effect on June 12, 2015) was also abolished.

We hereby announce it.

This article was selected from the official website of the “China Foundation Association”. Zhitong Finance Editor: Jiang Yuanhua.