Today, the reporter learned from relevant sources that the China Securities Association is seeking comments from the industry on revising the “Implementation Rules for the Clean Practice of Securities Management Agencies and Their Staff”. The “Rules” have improved the mechanism for supervising clean practices. The first is to clarify collaborative supervision mechanisms. Securities management agencies are required to appoint special departments to take the lead in supervising clean practices, establish and improve working mechanisms for information sharing, joint inspection, rectification and supervision with discipline inspection, compliance, risk control, audit, finance, human resources and other departments, and give full play to joint supervisory efforts. The second is to strengthen internal supervision. Encourage the establishment and improvement of internal reporting mechanisms for clean business risks and irregularities, promptly rectify irregularities and investigate corresponding responsibilities, and protect the legitimate rights and interests of internal reporters. Third, it is required to step up internal inspections of key business areas such as investment banking, bond trading, brokerage, etc., and key aspects of marketing activities.

Today, the reporter learned from relevant sources that the China Securities Association is seeking comments from the industry on revising the “Implementation Rules for the Clean Practice of Securities Management Agencies and Their Staff”. The “Rules” have improved the mechanism for supervising clean practices. The first is to clarify collaborative supervision mechanisms. Securities management agencies are required to appoint special departments to take the lead in supervising clean practices, establish and improve working mechanisms for information sharing, joint inspection, rectification and supervision with discipline inspection, compliance, risk control, audit, finance, human resources and other departments, and give full play to joint supervisory efforts. The second is to strengthen internal supervision. Encourage the establishment and improvement of internal reporting mechanisms for clean business risks and irregularities, promptly rectify irregularities and investigate corresponding responsibilities, and protect the legitimate rights and interests of internal reporters. Third, it is required to step up internal inspections of key business areas such as investment banking, bond trading, brokerage, etc., and key aspects of marketing activities.