Core Points - The China Securities Regulatory Commission (CSRC) and the Ministry of Finance have released a draft regulation aimed at enhancing the whistleblower reward system for reporting violations in the securities and futures markets, promoting a culture of accountability and integrity [1][2][3] Group 1: Regulation Highlights - The regulation's name has been changed from "Interim Provisions on Reporting Violations in Securities and Futures" to "Whistleblower Reward Regulations for Securities and Futures Violations," emphasizing the spirit of justice and professional characteristics [1] - The criteria for rewards have been expanded to include major cases that severely disrupt market order, threaten financial security, or infringe on investors' rights, with the minimum penalty amount for rewards increased from 100,000 yuan to 1 million yuan [2] - The reward percentage has been raised from 1% to 3% of the penalty amount, with caps on rewards for significant cases increased from 100,000 yuan to 500,000 yuan, and for cases with major national impact, the cap has been raised to 1 million yuan [2] Group 2: Protection Mechanisms - The regulation includes measures for anonymous management of whistleblower identities and strict protocols for handling personal information of internal informants [2] - It prohibits any form of retaliation against whistleblowers, including violence, coercion, defamation, or breach of privacy, ensuring that whistleblowers can report violations without fear [2] Group 3: Market Impact - The introduction of this regulation is seen as a significant step towards legal governance in the securities and futures market, providing a structured and anonymous channel for reporting violations, which is expected to deter market manipulation and insider trading [3] - The regulation aims to connect external supervision with internal self-regulation through a reward mechanism, enhancing market transparency and credibility, which is crucial for the long-term stability of the securities and futures market [3]
弘扬公正担当的吹哨人文化
Qi Huo Ri Bao Wang·2025-10-09 00:43