重磅！证监会发布《期货公司分类评价规定》

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised the "Regulations on the Classification and Supervision of Futures Companies" to enhance the regulatory framework, improve resource allocation, and promote high-quality development in the futures market [1][2]. Summary by Sections General Principles - The revision aims to reflect compliance and risk management capabilities of futures companies, enhance regulatory efficiency, and guide companies towards compliant and stable operations [1][3]. - The classification of futures companies will be based on their continuous compliance status, risk management capabilities, market competitiveness, and ability to serve the real economy [3]. Key Revisions - The title of the regulations has been changed to "Regulations on the Classification and Evaluation of Futures Companies" [2]. - A scoring system will be implemented with a baseline score of 100, with adjustments made based on compliance and risk management evaluations [3][6]. Scoring Mechanism - The revised regulations include a detailed scoring mechanism for penalties and incentives, focusing on compliance and risk management [2][6]. - Specific penalties for various regulatory actions have been outlined, such as 4 points for warnings and 10 points for criminal penalties [4][7]. Evaluation Indicators - The evaluation indicators have been categorized into deductive and additive metrics, with a focus on service to the real economy and market competitiveness [15][18]. - The scoring for market competitiveness will consider factors such as net income from brokerage services and asset management product rankings [15][17]. Implementation and Feedback - The CSRC has solicited public feedback on the revised regulations, which has been generally well-received, leading to further refinements [2][3]. - The implementation of these regulations is set to begin on September 12, 2025, replacing the previous regulations from August 2022 [36].