刚刚，证监会最新发布！事关券业“大考”

Core Viewpoint - The revised classification evaluation system for securities companies aims to enhance functionality, improve professional capabilities, and support high-quality development, particularly for small and medium-sized institutions [1][12]. Group 1: Regulatory Changes - The title of the rules has been changed from "Securities Company Classification Supervision Regulations" to "Securities Company Classification Evaluation Regulations" to align with the focus on classification evaluation [1]. - The evaluation framework has been adjusted to emphasize risk management, compliance, business development, and functionality [2]. - The revision reflects regulatory guidance towards high-quality development in the securities industry, reinforcing the role of securities companies in facilitating investment and financing cycles [3][10]. Group 2: Evaluation Metrics - The revised regulations optimize and integrate scoring indicators, removing the revenue-based scoring while increasing the emphasis on return on net assets [5][6]. - New indicators have been added to encourage securities companies to enhance their service capabilities in areas like long-term capital market entry and wealth management [7]. - The coverage of certain scoring metrics has been expanded to support differentiated development for small and medium-sized institutions [6]. Group 3: Investor Protection - The regulations strengthen comprehensive penalties for serious violations, enhancing the protection of small and medium investors [8]. - The revision allows for stricter penalties for companies involved in major violations, improving the effectiveness of regulatory measures [9]. - The rules encourage companies to proactively compensate investors affected by violations, thereby reducing the cost and time of investor rights protection [9]. Group 4: Historical Context - The classification evaluation system has undergone multiple revisions since its inception in 2009, with the latest revision reflecting the need for alignment with recent financial policies and strategic goals [12]. - The revisions are designed to better serve the evolving needs of the industry and to promote a balanced approach to regulation [12].