证券结算风险基金规则发布 多个品种计收比例大幅下调

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised the "Securities Settlement Risk Fund Management Measures" to enhance the management of settlement risk funds in response to market development and risk prevention needs [1][2]. Group 1: Adjustments to Risk Fund Management - The revised measures change the collection scope of the risk fund from a listed approach to a conceptual one, clarifying that it applies to securities trading varieties using multilateral netting guarantee settlement methods [1]. - The contribution ratio for the risk fund has been adjusted based on the risk level of different trading varieties, with equity products reduced from 0.0003% to 0.00009% of transaction amounts, and fixed income securities trading reduced from 0.001% to 0.0003% [1]. - The proportion of the risk fund that securities registration and settlement institutions can withdraw has been changed from 20% of business income to 9% [1]. Group 2: Risk Fund Scale and Dynamic Assessment - The upper limit for the risk fund scale has been revised from a fixed 3 billion yuan to a requirement that the net asset total of the fund must not be less than 3 billion yuan [2]. - A dynamic assessment clause has been added, requiring securities registration and settlement institutions to periodically evaluate the necessary scale of the risk fund and report to the CSRC and the Ministry of Finance [2]. Group 3: Investment and Usage of Risk Fund - The investment scope of the risk fund has been expanded from only bank deposits to include key term government bonds and other forms approved by the CSRC and the Ministry of Finance, with a requirement that bank deposits must not be less than 70% of the previous month's net asset total [2]. - The procedure for using the risk fund has been simplified, changing from prior approval to post-reporting, in line with the State Council's directive to eliminate administrative approval items [2]. Group 4: Internal Control and Reporting Requirements - The measures specify internal control requirements for settlement participants and securities registration and settlement institutions, mandating the establishment of risk prevention and internal control systems [2]. - Securities registration and settlement institutions are required to report annual status updates on the management and use of the risk fund to the CSRC and the Ministry of Finance [2].