Chinanews.com, November 25. According to news from the website of the China Securities Regulatory Commission on the 25th, in order to implement the new "Securities Law", "Futures and Derivatives Law" and other legal requirements, and cooperate with the optimization and operation of the 12386 service platform to further improve the reporting reward system To effectively respond to the concerns of all parties, the China Securities Regulatory Commission has revised the "Interim Regulations on the Reporting of Securities and Futures Illegal and Violative Behaviors" (CSRC Announcement [2020] No. 7), forming the "Regulations on Reporting of Securities and Futures Illegal and Regulatory Behaviors (Consultation Draft) )” to solicit opinions from the public.
There are 24 articles in the draft for comments, and the main revisions are as follows:
The first is to improve the reporting reward system and increase reporting rewards.
If insiders have made significant contributions, the upper limit of rewards will be greatly increased.
The second is to organically connect with the 12386 service platform system.
The network reporting channel for receiving securities and futures illegal clues was adjusted to the 12386 service platform of the China Securities Regulatory Commission, and the working mechanism for receiving and transferring reports was further clarified.
The third is to strengthen the handling of reporting requirements.
For qualified reports, the report handling unit shall register and verify the situation in an appropriate way, and take relevant handling measures in accordance with the law.
(China New Finance and Economics)
Screenshot of website.