中国证监会发布关于修改 《证券公司分类监管规定》的决定

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced modifications to the "Securities Company Classification Supervision Regulations," which will take effect on August 22, 2025, to enhance the classification supervision system and support the differentiated development of small and medium-sized institutions [1][2]. Group 1 - The modifications aim to align with the goals of risk prevention and high-quality development, focusing on regulatory objectives and improving governance levels within the industry [1][2]. - The existing classification evaluation framework is deemed mature, and the changes will be minor adjustments rather than major overhauls [1][2]. - The CSRC will coordinate with the China Securities Association to streamline evaluation indicators, reducing the reporting burden on the industry [1][2]. Group 2 - The regulations will be renamed to "Securities Company Classification Evaluation Regulations," emphasizing a classification evaluation approach [2]. - Key modifications include enhancing the evaluation framework to focus on risk management capabilities, compliance status, business development, and functional performance [2]. - The regulations will guide securities companies towards high-quality development by improving business development scoring indicators and encouraging differentiated development paths for small and medium-sized institutions [2]. - A stronger punitive approach will be adopted for serious violations, with adjustments to the classification rating penalties and a focus on comprehensive punitive measures [2]. - The CSRC will clarify rules for handling special issues based on previous evaluation experiences, such as reducing penalty points for companies that actively seek administrative enforcement commitments [2].