严格机构准入标准 优化调整业务范围

Core Viewpoint - The Financial Regulatory Bureau has revised the "Management Measures for Currency Brokerage Companies" to enhance supervision, standardize brokerage behavior, prevent financial risks, and promote high-quality development in the industry [1]. Group 1: Regulatory Changes - The minimum registered capital requirement for currency brokerage companies has been increased from 20 million RMB to 100 million RMB [2]. - The revised measures specify that brokerage companies must comply with regulatory requirements for financial products and obtain necessary licenses or filings from relevant authorities [2]. Group 2: Business Scope and Services - Currency brokerage companies are now allowed to provide matching services for transactions involving currency, bonds, foreign exchange, gold, and derivatives, but are prohibited from engaging in proprietary trading [3]. - They can also offer data services to recognized financial infrastructure operators, valuation institutions, financial information service providers, and domestic and foreign financial institutions, while ensuring data security and compliance with laws [3]. Group 3: Enhanced Supervision and Compliance - The revised measures emphasize the need for brokerage companies to confirm that financial institutions have obtained market access qualifications and that their trading personnel are authorized to conduct transactions [4]. - There is a focus on strengthening full-process management, including due diligence, service agreements, anonymous matching, transaction confirmations, and fee management [4][5]. Group 4: Management of Brokers - A dedicated chapter on "Broker Management" has been added, requiring brokerage companies to implement compliance training, incentive mechanisms, and supervision for brokers [6]. - The measures outline 14 prohibited activities to prevent harm to clients' rights and market order, such as providing services beyond the business scope and transmitting false trading information [6].