Recently, the reporter learned that the China Securities Association issued a “Notice on Establishing a Leads Collection Mechanism for Information Technology System Service Agencies to Complain and Report Unfair Competition” to brokerage firms. According to the notice, in order to implement the relevant work requirements of the Securities Regulatory Commission, the Association has established a mechanism for collecting complaints and reporting leads for information technology system service agencies carrying out or participating in unfair competition in the securities industry. If an agency that provides information technology system services to the securities industry registered with the Securities Regulatory Commission has committed the following acts, and the securities company intends to file a complaint or report with the market supervisory authority, the securities company may submit relevant lead materials to the Association. The first is commercial bribery; the second is false or misleading commercial propaganda; the third is the use of technical means to carry out unfair competition; and the fourth is pricing behavior that disrupts market order. According to reports, the Association has set up a lead information account and dynamically updated it, and regularly and irregularly reports the status of clue materials submitted by securities companies to the Science and Technology Supervision Department of the Securities Regulatory Commission. Regarding individual issues, the Association guides securities companies to resolve them through negotiations with the complainant or whistleblower in accordance with contractual agreements, or to file complaints or reports to the market supervisory authorities; for issues common to the industry, which are clearly directed and have a significant negative impact, the relevant units are organized to report to the market supervisory authority through complaints and reports. If the unfair competition of a service agency is involved in the futures or fund industry at the same time, the Association will consult with the Futures Industry Association or the Fund Industry Association depending on the circumstances.

Recently, the reporter learned that the China Securities Association issued a “Notice on Establishing a Leads Collection Mechanism for Information Technology System Service Agencies to Complain and Report Unfair Competition” to brokerage firms. According to the notice, in order to implement the relevant work requirements of the Securities Regulatory Commission, the Association has established a mechanism for collecting complaints and reporting leads for information technology system service agencies carrying out or participating in unfair competition in the securities industry. If an agency that provides information technology system services to the securities industry registered with the Securities Regulatory Commission has committed the following acts, and the securities company intends to file a complaint or report with the market supervisory authority, the securities company may submit relevant lead materials to the Association. The first is commercial bribery; the second is false or misleading commercial propaganda; the third is the use of technical means to carry out unfair competition; and the fourth is pricing behavior that disrupts market order. According to reports, the Association has set up a lead information account and dynamically updated it, and regularly and irregularly reports the status of clue materials submitted by securities companies to the Science and Technology Supervision Department of the Securities Regulatory Commission. Regarding individual issues, the Association guides securities companies to resolve them through negotiations with the complainant or whistleblower in accordance with contractual agreements, or to file complaints or reports to the market supervisory authorities; for issues common to the industry, which are clearly directed and have a significant negative impact, the relevant units are organized to report to the market supervisory authority through complaints and reports. If the unfair competition of a service agency is involved in the futures or fund industry at the same time, the Association will consult with the Futures Industry Association or the Fund Industry Association depending on the circumstances.