证券期货市场监管措施实施办法公开征求意见

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has drafted the "Implementation Measures for Supervision and Administration of Securities and Futures Markets" to enhance the regulatory framework and address issues identified since the 2008 trial measures [1][2]. Group 1: Regulatory Framework - The new implementation measures outline 14 common regulatory actions, including orders for correction, regulatory talks, warning letters, and orders for regular reporting, with a catch-all provision for other supervisory measures [1][3]. - The measures aim to improve the standardization of regulatory enforcement and ensure compliance with laws and regulations, reflecting the latest legal requirements and addressing issues from past practices [2][3]. Group 2: Procedural Improvements - The implementation measures emphasize the principles of legality, efficiency, and fairness in regulatory actions, ensuring that measures are timely and proportionate to the nature and severity of violations [3][4]. - Specific procedures for evidence collection, decision-making, and delivery of regulatory measures are established, including requirements for on-site enforcement by qualified personnel [4][5]. Group 3: Emergency Response Mechanism - A rapid response mechanism is included for urgent situations where immediate action is necessary to prevent significant harm to financial order or public interest, allowing for flexibility in communication with involved parties [4][6]. - The measures stipulate that if a violation is not discovered within two years, regulatory actions may not be taken unless specified by law or if risks remain [4][6].