SSE rules: members must focus on monitoring trends in Restricted Shares.

According to market needs, "Rules" will lift the restrictions on sale of stock held by shareholders within a month sold through the auction system to lift restrictions on sale of shares of stock of listed companies close to 1% of the total share capital, through the lifting of the block trading system to sell .sale of shares of restricted stock to its counterparties clients a strong correlation between these two types of behavior, are also included in the scope of members should focus on monitoring. .In monitoring these transactions, the members found that clients suspected of illegal trading and can not promptly stopped, and shall promptly report in writing to the SSE. .<P> For the implementation of the "Supervision and Regulation of Securities Companies", "Securities Risk Disposal Ordinance", the Shanghai Stock Exchange has developed a "member of the Shanghai Stock Exchange client securities transactions management implementation details" (text of the A6 version) .members to give full play to the role of self-regulation and strengthen customer transaction behavior management members, and promote the healthy development of securities markets. .The "rules" today officially promulgated and implemented. .<P> "Rules" thirty-five total of five chapters, the main content and the institutional arrangements around the promotion of members to perform duties of the customer transaction behavior management themes. .Which, according to market needs, "Rules" will lift the restrictions on sale of stock held by shareholders within a month sold through the auction system to lift restrictions on sale of shares of stock of listed companies close to 1% of the total share capital, sold by the block trading system .the lifting of restrictions on sale of shares of stock to its counterparties clients a strong correlation between these two types of behavior, are also included in the scope of members should focus on monitoring. .In monitoring these transactions, the members found that clients suspected of illegal trading and can not promptly stopped, and shall promptly report in writing to the SSE. .<P> Under the "rules", members should enter into securities transactions with customers in the agency agreement, explained to him in terms of the agreement face to face, reveal the risks of securities transactions, and require customers to sign the Securities and Exchange Risk Disclosure Statement and other related documents. .Agency Agreement Securities and Exchange commission, the members also agreed with the customer, if the illegal use of customer accounts, or there are serious anomalies affect the normal trade order transactions, members can refuse the client to terminate with the client or principal-agent relationship between the Securities and Exchange .. .<P> "Rule" requires monitoring by SSE member as a limited focus on the account, and the most recent quarter as regulatory concerns by SSE account and log in on every trading day Exchange Web site to access Exchange .restrictions on its trading account to send targeted and regulatory concerns account list. .On the restriction of trading accounts, regulatory concerns account, Member shall promptly notify the relevant account holder of the account, the actual controller and the actual operation, asking standardize transactions, and the corresponding transaction legal compliance education. ."Rules" also pointed out that the Ministry of members and their business transactions for customers receive the SSE unusual verbal warning or written warning letters and shall be promptly get in touch with the customer to inform the relevant regulatory information, specifications and constraints customer transactions. .<P> It is reported that members of the SSE will abide by and implement the "Articles" special inspection of the situation. .Member violation of the Regulations, the Exchange may in accordance with the "Member Management Rules" and other regulations, take appropriate regulatory measures or disciplinary action, and the seriousness of the circumstances, in a certain period of time will not be accepted and reviewed applications for membership of the trading privileges, membership .related business applications and other services. .</ P>.