References to the five dealers Shang Fulin requirements: compliance wind control service innovation responsibilities

CSRC Chairman Shang Fulin <P> yesterday (May 4) in Beijing, said, "Supervision and Regulation of Securities Companies" and "securities company's risk Disposal Ordinance" is to strengthen the institutional infrastructure for capital markets, a major initiative is the future .to promote sustainable and healthy norms securities companies to guide development. .He compliance, risk control, service, innovation and accountability point of view, the implementation of two regulations on the broker made a five-point requirements. .</ P> <P> (http://) by the State Council Legislative Affairs Office and the China Securities Regulatory Commission jointly organized the "implementation of the" Supervision and Regulation of Securities Companies "and" securities company's risk Disposal Ordinance "Forum" was held yesterday in Beijing. .CSRC Chairman Shang Fulin, Song Dahan, deputy director of the State Council Legislative Affairs Office, China Securities Regulatory Commission Vice Chairman Gui Minjie attended the meeting. .</ P> <P> Shang Fulin said at the forum in recent years, the State Council, under the correct leadership in the community support and joint efforts, China's capital market has made remarkable development, .Some have long plagued the healthy development of capital markets and institutional barriers to be resolved historical issues, but because of China's capital market is not long, "emerging and transitional" features still evident, the market self-discipline and stability of the internal mechanism is not perfect, .Some long-standing deep-seated structural problems affecting the continued stable operation of the market and healthy development, we must fully understand the importance of capital market development and long-term, arduous, complex and solid foundation to strengthen the market system .construction, and further address the market's deep-seated contradictions and structural issues, and constantly reinforce the internal market based on stable operation. .Promulgated two regulations to strengthen the capital market is the institutional infrastructure for a major move fully reflects the CPC Central Committee and State Council for the institutional infrastructure for capital markets attach great importance to further enhance the level of capital market law, as well as better .to protect the interests of investors, safeguard the public interest to provide a strong legal guarantee. .</ P> <P> Shang Fulin said the two regulations is both comprehensive and effective measures in the practice of law, institutionalization, but also for the future health of the securities company continued normal development of the guidelines. .First, the two regulations reflect and refine the "Securities Act", "Company Law", "Bankruptcy Law" and other laws on the disposal of securities companies, and risk monitoring of the relevant provisions of the basic system; Secondly, the two regulations of the securities built .the company's full range of regulatory systems, helping improve the monitoring of the relevance, effectiveness; third, the implementation of two regulations conducive to consolidating the results of comprehensive management of securities companies, securities industry and further consolidate the foundation for the development; fourth, two .innovation and development regulations for securities firms set aside a space conducive to full play to the role of market mechanisms to promote the optimization of industrial structure, enhance the overall competitiveness; fifth, two regulations to further safeguard the normal order of securities markets, to protect the legitimate rights and interests of investors .very important role. .To this end, the Commission conducted a special deployment, requiring all systems to the scientific development concept as a guide, carefully studying the two regulations, in accordance with regulatory requirements, supporting co-ordination make regulations, rules, ensure that both the spirit and principles of the Ordinance .full implementation and the specific embodiment; the full implementation of supervisory duties entrusted to the two regulations, strict law enforcement, in particular, is to strengthen the routine supervision, and firmly maintain the solemnity of the law; remain severely punished for illegal acts of force, in a timely manner to contain a preventive measure, through the timely .regulatory measures to correct the offender to pay the price, so that compliance by the development of more opportunities in the industry to strengthen the power law compliance and pressure in order to effectively maintain the market order, preventing systemic risk, to effectively protect the legitimate rights and interests of investors .also highly concerned about and actively support the reform and opening up securities companies and sustainable development. .</ P> <P> Shang Fulin, the implementation of two regulations securities companies put forward a five-point demand, it is necessary to conscientiously study the regulations and related laws and regulations, so that the whole company's knowledge and behavior into line with the spirit of the Ordinance and the two .provides up to firmly establish compliance in order to create value and compliance to the concept of sustainable development of the industry, according to the law and carry out various operations, the establishment of strict internal compliance checks and accountability mechanisms; second, to the profound lessons, focusing on .risk control, internal audit and other sectors, the real responsibility to establish clear checks and balances, really practical and effective mechanisms of internal restraint and strict implementation of risk management, enhance the recognition, measurement and control risks; The third is to establish a sense of service, in full .understand the customer, based on the accurate identification of different customers, to provide appropriate products and services, while enhancing investor education, through various forms of publicity and education activities, the majority of investors to accurately understand and correctly identified by the use of the two regulations .entry system, according to the law to safeguard their legitimate rights and interests; fourth is to steadily push forward innovation and development, careful study of financial innovation and borrowing lessons at home and abroad, in the strict control of legal compliance and risk of innovative activities carried out under the premise of steady, continued to do excellent .stronger; Fifth, a high sense of responsibility to pay attention to and strengthen the work holding stability and security and information systems to effectively maintain the safe operation of the market, and promote stable and healthy development of capital markets. .</ P> <P> Song Dahan in his speech pointed out that the introduction of the two regulations, reflecting the stable development of the State Council on the capital market concerns, the stock market system construction, the legal system's attention. .Two regulations are the capital market regulatory practice and experience for many years, but also the "Securities Act", "Company Law" and other legal requirements refinement, the SFC with the relevant departments and the capital markets joint efforts of all parties involved, is the capital market .legal construction of the significant results. .Two regulations to prevent the risk of both routine monitoring requirements, there are risks to resolve after the disposal of the risks, both on administrative supervision, risk handling specification, but also for comprehensive management and other related shut provide an important basis for safeguarding investors .legitimate rights and interests of a powerful weapon to maintain market order. .</ P> <P> Song Dahan emphasized that the introduction of the implementation of two regulations, the State Council Legislative Affairs Office will continue to actively cooperate with the Commission, continue to push forward the capital market and legal system, promoting capital market stability and healthy development. .</ P> <P> Gui Minjie pointed out that the promulgation of the regulations indicates that the two capital market legal system of a more systematic, enrich and improve the capital market and legal system entered a new stage of development. .Practice has proved that as long as the reality from the capital market, from its national conditions and development of legislative rules, the legal system can play to promote market development, the great role of regulating the market behavior and legal effect. .Systematic summary of the two regulations comprehensive management of more than three years of practice and experience to be confirmed by the administrative regulations comprehensive results. .With the full implementation of two regulations, the securities industry will enter a new phase of sustained and healthy development. .</ P> <P> Gui Minjie that the future capital market and legal system will experience long-term, continuous improvement process of improvement. .First, capital market organizational innovation, system innovation and product innovation to become more active, to adapt to market developments and emerging new situations and new problems, the legal system needs to keep pace; Second, after a period of practice, the existing laws and regulations .and rules will appear unsuitable mis-match, we should seize the opportunity of complementing the existing legal norms, modified and improved. .Finally, the current capital market there are still some areas in the legislation is weak, requiring electronic transactions from the development of the securities laws and regulations, strengthen the financial management of criminal breach of trust business, accountability, supervision and promotion of independent directors of listed companies and other aspects of laws and regulations promulgated .vigorously promote the legislative process. .</ P> <P> from Shanghai, Shenzhen Stock Exchange, Securities Association of China, China Securities Investor Protection Corporation and Galaxy Securities, the securities company of 13 representatives spoke at the forum. .It was agreed that the introduction of the two regulations and the implementation of the CPC Central Committee and State Council attached great importance, care, support the development of capital markets and securities industry is another important step, will promote the governance of the securities industry for the legal protection of investors .interests, maintain the normal order of securities markets, and promote the healthy development of the securities industry provides an important legal protection. .</ P> <P> meeting was chaired by Vice-Chairman of China Securities Regulatory Commission chaired Zhuang Xinyi, Liu Xinhua, Assistant Chairman of China Securities Regulatory Commission, the State Council Legislative Affairs Office of the Secretary of Finance and the Commission relevant departments attended the meeting. .</ P>.