多地证监局出手强化市场合规运营！多家期货分支机构被暂停经纪业务新开户

Core Viewpoint - Recent regulatory actions by multiple local securities regulatory bureaus highlight the emphasis on compliance in the futures market, with four branch institutions penalized for violations, including suspension of new account openings and issuance of warning letters [1][7]. Regulatory Actions - Four branch institutions were penalized, with two companies ordered to suspend new account openings for six months due to internal control deficiencies, requiring them to rectify issues and submit reports within 30 days [1][5]. - The issues identified include inadequate management of operational sites, employee management, and internal controls related to internet marketing [5]. - One branch was penalized for linking third-party cooperation fees to transaction fees, indicating significant internal control flaws [1][5]. Compliance Issues - A branch was cited for improper management of internet marketing materials and failure to report changes to anti-money laundering departments, receiving a warning letter [2][6]. - The violations involved institutions from Hubei, Anhui, and Xiamen, reflecting a broader trend of increasing regulatory scrutiny on internet marketing practices in the futures industry [2][7]. Industry Insights - The chief risk officer of a futures company noted that these violations expose significant shortcomings in internet marketing, internal control execution, and risk management, which could harm both the companies' stability and investor interests [7]. - Regulatory penalties for internet marketing violations have been increasing, with common issues including inadequate live broadcast management, lack of professional qualifications, misleading promotions, and non-compliant third-party collaborations [7][8]. New Regulations - The China Securities Regulatory Commission issued interim regulations for internet marketing management on August 22, which took effect on October 9, aiming to provide clear guidelines for futures companies [3][8]. - The regulations emphasize the need for comprehensive management of internet marketing activities, including content review and third-party management, to enhance customer protection [3][8]. Recommendations for Futures Companies - Companies are advised to strengthen third-party cooperation management to ensure business independence and avoid linking cooperation fees to client transaction fees [8]. - It is essential to establish robust compliance systems to ensure complete documentation of internet marketing activities and client records [8]. - Risk management should be integrated throughout the business process, particularly in online operations, transitioning from mere compliance to substantive risk control [8].