The reporter learned that the China Securities Association is seeking comments from brokerage firms on the “Implementation Rules for the Clean Practice of Securities Management Agencies and Their Staff”. The revised draft requires that brokerage firms must clearly agree on delivery results, acceptance standards, service time limits, fee standards, anti-commercial bribery, and prohibition of transmission of improper benefits in third party service agreements to ensure true service, fair consideration, traceability of processes, and verifiable results. At the same time, “channel fees” have been added to the list of prohibited fees. Inflated prices, disguised gifts, transfer of benefits, or evasion of supervision are strictly prohibited, and cooperation with third party agencies that have committed integrity violations should be terminated.

The reporter learned that the China Securities Association is seeking comments from brokerage firms on the “Implementation Rules for the Clean Practice of Securities Management Agencies and Their Staff”. The revised draft requires that brokerage firms must clearly agree on delivery results, acceptance standards, service time limits, fee standards, anti-commercial bribery, and prohibition of transmission of improper benefits in third party service agreements to ensure true service, fair consideration, traceability of processes, and verifiable results. At the same time, “channel fees” have been added to the list of prohibited fees. Inflated prices, disguised gifts, transfer of benefits, or evasion of supervision are strictly prohibited, and cooperation with third party agencies that have committed integrity violations should be terminated.