证监会发布期货公司分类评价规定 突出完善扣分标准和优化加分标准

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised the classification and evaluation regulations for futures companies to enhance the evaluation mechanism and address existing shortcomings in the regulatory framework [1][2]. Group 1: Improvements in Deduction Standards - The revised regulations clarify the basis for deductions, stating that deductions for futures companies should primarily rely on effective regulatory measures and legal documents [1][2]. - The regulations eliminate duplicate deductions for the same violation, allowing for only the more severe penalty to be applied [2]. - Violations by shareholders and actual controllers are now included in the evaluation of the company, promoting compliance with regulatory laws [2]. Group 2: Enhancements in Addition Standards - The regulations optimize the indicators for evaluating the ability to serve the real economy, introducing a new metric for "average daily positions of industrial clients" and adjusting the "average daily positions of institutional clients" [2]. - The market competitiveness indicators have been restructured into three categories with nine specific metrics, assessing various aspects of futures companies' operations, profitability, and capital strength [2][3]. - The regulations remove certain restrictive conditions, such as the requirement for companies to rank above the industry median in adjusted average daily client equity to qualify for an A rating [3]. Group 3: Special Evaluations and Incentives - The "insurance + futures" initiative has been moved to a special evaluation category, aligning it with national strategic goals [3]. - The regulations incorporate evaluations of party building and cultural development, merging trader education into this category [3]. - Companies that cooperate with regulatory bodies in risk management and maintain compliance without deductions over the last three evaluation periods will receive additional incentives [3].