证监会公布《证券结算风险基金管理办法》 增加风险防范、内部管理规定和追偿追责安排

Core Points - The China Securities Regulatory Commission (CSRC) has announced the implementation of the "Securities Settlement Risk Fund Management Measures," effective from December 8, 2025 [1] - The new measures emphasize risk prevention, internal management regulations, and accountability arrangements [1] Group 1: Risk Management - Settlement participants and securities registration and settlement institutions are required to establish comprehensive risk prevention and internal control systems to effectively mitigate risks [1] - Securities registration and settlement institutions must develop internal management systems that clarify the collection, management, and use of the risk fund, and report annual status to the CSRC and the Ministry of Finance [1] Group 2: Accountability and Fund Management - The measures provide detailed arrangements for accountability in cases of fund utilization due to default settlement losses, technical failures, or operational errors [1] - The current net asset total of the risk fund has exceeded 3 billion yuan, and settlement participants who have paid the risk fund for over a year will not be required to make additional payments due to this revision [1]